Quinlan puts home on the market for €7.5m
PROPERTY developer Derek Quinlan has put one of his houses on an exclusive Dublin 4 road up for sale -- at more than three times the price he paid for it.
The property -- 6, Shrewsbury Road -- which boasts a wine cellar and five bedrooms, has hit the market with an asking price of €7.5m.
It is one of three properties that Mr Quinlan owns on the stretch. It had been expected that he would put all three on the market.
Number six used to be Mr Quinlan's home, but he is now living in Switzerland.
His loans are understood to have moved into NAMA in the first tranche of transfers.
Yesterday, estate agents Sherry Fitzgerald put the 5,000sq.ft property on the market. He bought the property in the mid-1990s for €1.9m (IR£1.5m).
The house has been refurbished over the years and is located near Ballsbridge and Donnybrook.