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.

Three development sites worth up to €30m have been put for sale in Cork City and suburbs.