Dairygold, University College Cork Sign Contracts For €17M Cork City Site
University College Cork (UCC) and Dairygold Co-Operative Society have signed contracts for UCC’s acquisition of Dairygold’s property in South Terrace for €17.25 million.
Cork University Business School (CUBS) is moving to Cork City Centre with the development of a new building on a 1.46-acre site, which will accommodate 4,000 students and 200 staff.
The move to the centre of Cork City will position CUBS at the heart of the business district, Dairygold said, enhancing the social and economic fabric of Cork city and region.
“Today’s signing represents an important milestone in the continuing development of UCC’s Business School, formed in 2014 after decades of business education at undergraduate and graduate levels," Professor Ursula Kilkelly, Head of the College of Business and Law, said.
"The School’s new city centre home will ensure that innovation and business focus are at the heart of the student experience, ensuring graduates are world- and work-ready, in line with national policy,” she added.
Dean of the Cork University Business School, Professor Thia Hennessy, said that there has been a marked increase in the demand for the college's business programmes over the last year years.
"This building will give us the capacity to realise our potential in terms of student numbers and to offer a world-class student and staff experience in a future-proofed learning environment for generations of business students to come,” she said.
Dairygold's Chief Executive, Jim Woulfe said that he 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," he said.
© 2019 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click sign-up to subscribe to Checkout.