Dealmakers behind the €14 million purchase of the bulk of the City Quarter investment in Cork city centre from Nama have emerged as the just-re-branded MC2 Accountants, on behalf of private investors.

DOUGLAS Court Shopping Centre, which has sensationally been placed in receivership, is likely to be managed ’as-is’ for some time before being offered for sale — and its likely value is around €30m, according to property sources.