A hive of activity

Monahan Road in Cork city now serving up a new indoor sports and wellness facility following a €2 million-plus investment.

Quintas Capital announced a €2.27 million investment this week into The Hive. The investment, which formally closed in September, marks the final deployment from the 2024 EIIS Fund, in which Quintas Capital invested just under €8 million. It represents a strategic commitment to The Hive as it prepares to become Cork city’s first fully indoor padel centre. The Hive project will transform a 19,000 square foot warehouse into a state-of-the-art five-court indoor padel club, featuring premium amenities such as wellness spaces, recovery rooms, social areas, a café and retail space — creating not just a sports venue, but a community hub for Cork residents.

Padel, a fast-growing sport across Europe, has seen rising demand in Ireland, and The Hive is positioned to meet this appetite locally, offering players of all levels a high-quality, indoor facility.

Kevin Canning, CEO of Quintas Capital, said: “We believe The Hive is more than a venue — it’s a long-term investment in Cork’s community and lifestyle. Our €2.27 million injection reflects our confidence in the management team’s vision and in the growth potential of padel and wellness-led leisure in Cork and beyond.”

Rory Dennis of The Hive added: “Our goal has always been to bring something unique to Cork — a place where people can move, connect and belong. With this backing from Quintas Capital, we’re now confident we can deliver a facility that sets a new standard for sport, wellness and social life in the city.”