Cork's 19th century Ursuline Convent set for redevelopment

CORK’S 19th century Ursuline Convent is going to be a trophy buy — for whoever gets to buy and finish it out — with a ready market afterward for both sales and rentals.

Interest is expected from a cross-section of investors, who are guaranteed especially strong rents given Blackrock village’s cachet, and the building’s proximity to the city centre and to Mahon’s thousands of new IT jobs.

Investor interest will be primarily local and familiar with the market, and may include Chinese buyers, individuals and groups/funds, with options both to add further value, or take a strong income stream.