K Club sold to nursing home firm for €55m

Seen and Heard: Five-star Kildare golf resort had been placed on market for €80 million

Michael  Smurfit’s desire to retain ownership of his home on the grounds was understood to be a sticking point in negotiations. Photograph: Alan Betson/ Irish Times

Michael Smurfit’s desire to retain ownership of his home on the grounds was understood to be a sticking point in negotiations. Photograph: Alan Betson/ Irish Times

 

Nursing home operator TLC has struck a deal in the region of €55 million to acquire Michael Smurfit’s K Club, according to a report in the Sunday Business Post. Negotiations have been in train for several weeks over the five-star Kildare golf resort, placed on the market for €80 million.

Smurfit’s desire to retain ownership of his home on the grounds was understood to be a sticking point in negotiations, the report said. A spokesman for Smurfit said: “There are a lot interested parties and a refined sales process, but nothing definitive yet.”

Bank of China brokers deal to buy €155m Goodbody

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Formula 1 investor CVC buys chunk of Guinness Pro14

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Halfords plots Irish expansion with plan for up to 100 garages

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Broadcom pays $110m Irish tax bill as part of Symantec deal

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