Lugus Capital doubles its money on Cork flats

7th April, 2019
Peter Horgan

Lugus Capital, the sellers of the Cork apartment block where it issued families with termination notices in the run-up to Christmas, has sold the building to the state for double what it acquired it for.

Cork City Council and housing agency Cluid are paying €20 million for the 78-apartment complex at Bachelor’s Quay. Lugus bought the complex for about €10 million in 2017.

After acquiring the apartments, Lugus issued notice to tenants advising that...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Tom Maguire: Tax changes we make now could help business for years

More Business Tom Maguire 6 months ago

The Daily Briefing

The Daily Briefing