House builders outbid as nursing home investors pay €4.75m for 'best in class' Cork site

Aperee paid 20% over the price guide for the prime Rochestown site of over seven acres

The 7.2-acre site on Clarkes Hill, Rochestown, which has been bought by Aperee for €4.75m, will be developed as a nursing home facility.

A residential building site in Cork’s Rochestown, billed as ‘best in class’ in term of location, has been bought for €4.75m.

It has sold for 20% over the price guide, and will be developed as a nursing home facility by purchaser Aperee, part of the rapidly expanding Blackbee Healthcare Fund.