RDJ advises on the sale of Half Moon Street development to Kennedy Wilson
RDJ advised O’Callaghan Properties on the sale of the Half Moon Street office and retail development in Cork to global real estate investment company Kennedy Wilson.
The city centre mixed-use development, which was completed in 2009, provides 120,000 sq ft of space in a prime waterfront location. The Half Moon Street sale is part of the evolution of O'Callaghan Properties (OCP) business which is now focused primarily on office and residential development in the Cork area. OCP is currently developing Cork city's largest office complex, the 350,000 sq ft Navigation Square scheme. They are also set to acquire 31 acres on Cork City’s South Docklands from agri-services group, Origin Enterprises Plc, subject to certain permissions and approvals. The vast site, which is part of the Cork Docklands area designated for urban development, contains several landmark buildings such as the R&H Hall grain silos and the historic red-brick Odlums building.
The RDJ team was led by Property Partner Patrick Ahern, who was assisted by solicitors Maria O’Donoghue and Elaine Sweeney.