University of Limerick paid €5.2m above market price for student housing

Ireland“The University of Limerick (UL) has lost €5.2m over its controversial purchase of 20 houses, just six months after the deal was completed. A review of the deal shows UL’s €11.44m valuation of the homes was inflated and did not represent good value. UL should have expected to pay about €6.24m …” (more)

[Wayne O’Connor, Independent, 23 March]

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