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Nuns get €1 for prime land worth €200m gifted to State

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Go-ahead: St Vincent’s Hospital will be handed over to the State. Photo: Damien Eagers

Go-ahead: St Vincent’s Hospital will be handed over to the State. Photo: Damien Eagers

Go-ahead: St Vincent’s Hospital will be handed over to the State. Photo: Damien Eagers

Taxpayers will get the benefit of 28 acres of prime Dublin 4 land as the Religious Sisters of Charity receive exactly €1 for gifting lands in the city worth at least €200m.

The lands, which the Sisters announced last week they were gifting to the Irish people, are the sites of several important hospitals including St Vincent's.

The €200m estimate is based on the value of the land alone and does not include any assets built on the land, which would make the gift much more valuable.