Key report into UL’s Dunnes site purchase took eight months longer than planned

KPMG’s investigation into UL’s acquisition of the €8m site was due to be completed in under a month but took far longer, causing delays to scrutiny of the deal

The development is located at the old Dunnes Stores site on the banks of the river Shannon

A key report into the University of Limerick’s (UL) controversial €8 million purchase of a site in the city centre was intended to conclude eight months before the college’s president first saw it, the Business Post has learned.

KPMG was commissioned to conduct a report into UL’s acquisition of the former Dunnes Stores site last year, after it emerged that the university had not obtained an independent written valuation before deciding to spend €8 million ...