Cork's Capitol building has been bought for just over €45 million

It was bought by German property company Real IS

The site had been acquired by John Cleary's JCD group for €6 million euro in 2015.

According to a report in the Suday Times Real IS bought the site on behalf of a German pension fund and last year bought office blocks in Dublin for more than €50 million.

The Capitol opened it's doors to the public this year and is home to Life Style Sports, Facebook owned Oculus and Alien Vault.

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