K Club sale agreed with nursing home operator

A deal has been agreed to sell Michael Smurfit’s K Club to nursing home operator TLC

17th November, 2019
The K Club, which is believed to have been sold to nursing home group TLC for about €55 million and inset Michael Smurfit

A deal has been agreed to sell Michael Smurfit’s K Club to nursing home operator TLC.

The price agreed is in the region of €55 million according to two sources with knowledge of the matter, but this is unconfirmed.

The property was marketed with an asking price in the region of €80 million. It was valued in 2018 at €65 million.

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