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Revealed: The €3m Dunnes Stores site UL paid more than €8m for — without any proper valuation or due diligence

Protesters had complained about a large Dunnes Stores shop in a prime Limerick city location overlooking the River Shannon being idle for 11 years. So when the local university suddenly announced it had bought the 5,500 square metre site and promised a state-of-the-art campus there, the plan was greeted gleefully.

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