British peer buys €2.5m West Cork mansion owned by ex-CEO of AIB

A British peer and former 10 Downing St adviser to Gordon Brown, Wilf Stevenson, has just bought the West Cork home of former AIB chief executive David Duffy, Glebe House, for close to €2.5m.

The modernised mansion, a 10,000sq ft Georgian house on nine acres with frontage to the Ilen river sold after a series of price drops, down from even-higher price hopes of €5m in back in 2013, to €3.7m, and, a year ago, it was marked down to €2.5m.

Ironically, Mr Stevenson was chairperson of the UK’s Foundation for Credit Counselling from 2011 to 2015, a period when it extended its services to Ireland, operating here now as Step Change Debt Charity.