University College Cork (UCC) and Dairygold Co-Operative Society Limited have signed contracts for UCC’s acquisition of Dairygold’s property in South Terrace, Cork city for €17.25 million.
The 1.46-acre site is the former Brooks Haughton Builders Providers located in the centre of Cork city between Copley Street and South Terrace, fronting on to Union Quay.
Dairygold Chief Executive, Jim Woulfe said; “Dairygold is pleased to be in a position to facilitate UCC’s establishment of a world-class business school in Cork City. This agreement is in line with our strategy of maximising the value of our non-core property assets and divesting of them to facilitate investment in higher margin dairy business initiatives. We wish UCC every success with its new business school.”
Cork University Business School (CUBS), a leading provider of business education and industry-facing research, is moving to Cork city centre with the development of a new building on the site, which will accommodate 4,000 students and 200 staff.