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Article: Unable to sell off its luxury pads, K Club goes downmarket as a timeshare resort.(News)
- Article from:
- The Mail on Sunday (London, England)
- Article date:
- September 13, 2009
CopyrightCOPYRIGHT 2009 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Valerie Hanley
IT was the ultimate in Celtic Tiger extravagance and you had to be super-rich to have one of its 'billionaire's row' pads. But those days are gone, and the K Club is about to become a timeshare resort.
Management are describing their cut-price sale as 'fractional living' to keep up appearances with owners of golf club properties, such as developer Sean Dunne and horse breeder John Magnier.
Owned by tax-exile paper magnate Michael Smurfit, the club has up to 81 apartments and houses which have been on the property market since they were built three years ago.
These will will be flogged off at a property expo in ...