A Dundalk firm whose directors are linked to major Northern Ireland and UK developers McAleer & Rushe has emerged as the buyer of the Good Shepherd Convent in Sunday’s Well, above Cork city. Moneda Development was set up earlier this year, and directors include Eamonn Laverty and James Higgins of McAleer & Rushe, who specialise in design and build, asset management, construction and multi-use projects.

A Co Tipperary hotel which has been in receivership for as much as eight years, is finally to be sold.

A LIMERICK City bank building, on O’Connell Street and Bedford Row, is being sold for as much as €10m — a recent Munster-bank investment sale price record.