Precious parcel of land sold for €20m

ONE of the most valuable parcels of development land in Kenmare has been sold for €19.4m, over €4m more than expected.

Thirty-nine acres, owned by the Arthur family, have been purchased in trust on behalf of a Cork developer by a Cork firm of solicitors.

Zoned residential, the land is close to the town centre and some of it overlooks the scenic Kenmare River.