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Buyer bites Quinlan signs deal to sell plush pad in Big Apple

Embattled financier Derek Quinlan is believed to have secured a buyer for his exclusive 13,000 sq ft New York townhouse in a deal thought to be worth $29.5m (€19.9m).

The palatial property -- which isn't part of a swathe of expensive homes that had a receiver appointed to them by the National Asset Management Agency (NAMA) earlier this month -- had been put up for sale by Mr Quinlan in April 2009, with a price tag of $37m (€27.7m at the time).

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