Thursday, March 31, 2011

Now that’s what I call a crash! 60%+ off

Redbricks aplenty as Quinlan, Reynolds sell up

THE supply of redbricks for sale in Dublin 4 has taken off this week with the release of property portfolios owned by financier Derek Quinlan, and by James Reynolds, a brother of the former taoiseach (prime minister). A house near the American embassy in Ballsbridge (the posh part of town) was purchased by Mr Quinlan in 2006 for €7 million with even more spent on refurbishing it in some style. Yesterday it went on the market at €2.95 million. Mr Quinlan is also attempting to sell another substantial redbrick house that he bought in 2007 for €8.5 million and which is now asking €2.95 million. Mr Quinlan had invested heavily in residential property in Ballsbridge during the boom years. He now lives in London.

Posted by drewster @ 11:00 AM (497 views)
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2 thoughts on “Now that’s what I call a crash! 60%+ off

  • its only a bldy semi!

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  • mark wadsworth says:

    £3 million quid for a semi-detached near the US embassy, which is going to get you into all sorts of trouble in a backward capital city in a backward country? He’s having a larf.

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