Quintas Capital invests €2.27 million into Cork City’s first dedicated indoor padel hub, The Hive
Quintas Capital today announced a €2.27 million investment into The Hive - a new indoor sports and wellness facility due to open this week at Monahan Road, Cork. The investment marks the final deployment from the 2024 EIIS Fund and represents a strategic commitment to Cork City's first fully indoor padel centre.
The Hive
being transformed
at the facility
About The Hive
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 including wellness spaces, recovery rooms, social areas, a café and retail space. More than a sports venue, The Hive is designed as a community hub for Cork residents.
Padel is one of the fastest-growing sports across Europe, with rising demand across Ireland. The Hive is positioned to meet this appetite locally, offering players of all levels a high-quality, purpose-built indoor facility - the first of its kind in Cork City.
- Five indoor padel courts
- Wellness and recovery spaces
- Social areas, café and retail
- Bookings via dedicated app and website
- Opening 17th December 2025 at Monahan Road, Cork
What They're Saying
"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."
Kevin Canning, CEO, Quintas Capital
"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."
Rory Dennis, The Hive
Context: The 2024 EIIS Fund
This investment formally closed in September and represents the final deployment from the Quintas Capital 2024 EIIS Fund, in which the firm invested just under €8 million across a portfolio of qualifying Irish businesses.
Quintas Capital has confirmed that its 2025 EIIS Fund is on track to surpass €12 million, underlining the firm's continued commitment to sustainable, high-potential projects across Ireland.
Quintas Capital continues to welcome discussions with founders and management teams exploring EIIS funding. If you are developing a project that may be a strong fit, we would be happy to hear from you.