“The orders are looking at legacy,” said an experienced property adviser to religious congregations, who did not want to be named. The pick-up in land values in recent years has renewed interest in selling property and contributing to the scheme, according to the source. It very much guides decisions by the congregations in relation to land use and the management of buildings, Sr Murphy said. Holy Faith Convent, KillesterThe MKN Property Group is planning to build 79 “residential units” on 2.4 acres sold by the Holy Faith order in 2017. The land, along with a convent building, was put on the market with a price tag of €3 million.

Source: The Irish Times June 08, 2019 00:20 UTC