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Cork - a city on the rise

Cork - a city on the rise

Cork - a city on the rise

“It’s an exciting time for Cork,” says Barrie O’Connell, partner in charge, KPMG Cork. While the cranes on the skyline ably demonstrate the explosion of commercial activity, the Financial Times’ FDI Magazine also named Cork as 2018’s most business friendly small city in Europe in addition to including it as one of the top 20 European Cities and Regions of the Future.

Cork is a stand out location for both indigenous and international FDI businesses operating globally with a proven track record in the pharma/life sciences and agribusiness sectors, more recently for technology companies and newer segments such as cyber and international financial services.

There’s a new focus on operating in the core of Cork. The tech, cyber-security and financial services clusters are creating a very positive dynamic in the city, as it continues to reshape itself for the generation keen to live, work and connect there.

Tech corridor

Over recent years, the South Mall and Grand Parade has witnessed a transformation with several technology companies like Facebook and Forcepoint setting up shop, in tandem with the emerging developments in the Docklands on both sides of the Quays.

As well as multiplying considerably the number working in the city centre, they also add to the sense of a new, emerging tech corridor, signalling how Cork’s metropolitan area is expected to grow from 209,000 to 315,000 over the next 20 years, according to the 2040 National Development Plan. “We have just moved across the road to 85 South Mall, having outgrown our old building” O’Connell adds. Designed by award winning architects Henry J Lyons, the state-of-the-art building has been thoughtfully designed to fit into the existing South Mall streetscape. In relocating its 170-strong team to this highly flexible 30,000sq ft next generation office space, KPMG Cork is perfectly placed to capitalise on the strong growth in the region, and provide capacity for the team to grow to 300. 

New KPMG office

 “We have just moved across the road to 85 South Mall, having outgrown our old building” O’Connell adds. Designed by award winning architects Henry J Lyons, the state-of-the-art building has been thoughtfully designed to fit into the existing South Mall streetscape. In relocating its 170-strong team to this highly flexible 30,000 square foot, next generation office space, KPMG Cork is perfectly placed to capitalise on the strong growth in the region, and provide capacity for the team to grow to 300.

KPMG partners in Cork

KPMG partners Karen Conboy, Celine Fox, Michael Lynch, Barrie O'Connell and Managing Partner Seamus Hand at the launch of the new office on South Mall, Cork.

The move continues the firm’s long history on ‘The Mall’ having resided at the nearby number 90 for 47 years. “Our relocation reflects the firm’s need for more space and more modern flexibility to cater for KPMG’s expanding workforce in Cork. This will allow us to continue to access the exceptional talent emerging from UCC and CIT, across all disciplines, as well as people relocating nationally and internationally to Cork. Business across Munster and Cork is performing really strongly. We are seeing increased demand for our services across all sectors. We expect this demand to increase and are investing in our people to ensure our teams can meet the needs of our clients in Cork and Munster.” 

Our ambition is to continue delivering for our clients in our traditional areas of audit, tax and advisory across our FDI, IFS and private enterprise segments while expanding our service lines in eForensics and analytics, cyber, risk consulting, corporate finance and management consulting - ensuring we are ready to support the future of Cork. 

A city on the rise

Cork has a long history as a trading area with its maritime heritage and has demonstrated time and time again an ability to adapt and adjust to change and macro global economic conditions.  We have great confidence in Cork and look forward to playing our part in our city on the rise.

Further information

For more information on how our team in Cork can help your business thrive, get in touch via this form.

This article first appeared in The Irish Examiner, and is reproduced here with their kind permission.

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