Bachelor’s bequest nets €27.5m
Two development sites at the foot of Cork’s Airport Hill sold at auction yesterday, taking just 25 minutes for the two deals under the hammer. The windfall proceed of the 11 grassy acres is set to benefit St Luke’s Nursing Home in Cork, which currently has 120 residents.
The total of 11 acres of land was expected to make up to €20m, in what was one of the country’s largest ever charitable bequests.