Sale price for 3.7-acre site at Bessborough still unknown

The nuns sold the site to developers MWB Two Ltd, which is hoping to build 246 apartments on the land

Bessborough Estate, Cork. Picture: Denis Scannell

THE value of lands sold to developers by the congregation of nuns that own the Bessborough estate in Blackrock is again in the spotlight following the publication last week of the report of the Mother and Baby Homes Commission of Investigation.

Accounts filed with the Companies Registration Office (CRO) for the Congregation of the Sacred Hearts of Jesus and Mary Trust CLG state: “The properties at Bessborough, Cork were all valued by external valuers Savills in July 2020 and valued at €9.95m on an open market basis.” The accounts say that one of these properties, valued at €6.5m, sold in June 2020 for €6.85m.