Businessman takes over as sole owner of Manor Park

BUSINESSMAN Joe Moran has taken sole ownership of housebuilder Manor Park after buying out minority shareholder DCC.

DCC, which had owned 49% of Manor Park — the owner of Kinsealy, the estate owned by the late Taoiseach Charlie Haughey — will get a total of €181 million from the sale.

DCC is being paid a dividend of €172m from Manor Park following a capital reorganisation of the company and a further €9m from Mr Moran’s firm Morvest.