Prime Limerick Land für 6 Mio. € verkauft, für 450.000 € zurückgekauft und nun einen Verkauf von 4 Millionen € – Limerick Live vereinbart
https://www.limerickleader.ie/news/farming/1891827/prime-limerick-land-sold-for-6m-bought-back-for-450k-and-now-goes-sale-agreed-at-4m.html
Von WT_Wiliams
11 Kommentare
Hmm, small group of councillors buying this and no real plan for its use, just aspirations. Priced as premium land but they’re considering building affordable housing. Could not make this shit up.
ngl whoever bought it the second time got a pretty tidy profit
Well that’s tremendous for the landowners, printing money, but who purchased the land the first time. Its intended use is mentioned but not the buyer.
Corruption and government contracts go hand in hand
Nice profit
70 acres for 4mil and 44acres for 6 mil. much better deal this time but damn the speculation on land is crazy
Family relinquishes property after defaulting on hefty bank loan > bank/NAMA/Another financial institution places property for auction > *miraculously another member of same family snaps up land at fraction of value > wait x years……profit.
*Bonus points for family to be involved in local and/or national politics and the jump in resale value to be related to a zoning change by local council.
**Extra bonus points if the public are picking up the tab for the original default through a CT bailout.
Someone needs to answer questions on this.
This feels dodgy but I’m not smart enough to know why
Put a hundred year tarmac order on the land until we can figure what the hell is going on.
This Mayor is shifty out.