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  French property company, Corum Asset Management on behalf of its fund, Corum XL, has returned to the acquisitions trail, with an agreement to acquire the NSQ1 building at O’Callaghan Properties’ Navigation Square development in Cork city docklands. The deal which is understood be valued at around €60 million brings Corum’s overall investment in the Irish market to date to just under €290 million. The French investor’s last purchase here saw it acquire Blackthorn House in Sandyford in south Dublin from Irish Life, for around €18 million in May of last year. The NSQ1 building in Cork is the first of four buildings which make up O’Callaghan Properties’ 360,000sq ft Navigation Square, the city centre’s largest office development. Two blocks are already built and construction of the third is expected to commence by the end of the current year.

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