NOREEN McManus, the wife of Limerick businessman JP McManus has purchased a new €10m home at one of Dublin’s most sought-after addresses - Ailesbury Road.
The house which boasts a home cinema and an indoor swimming pool which can be transformed into a dance floor, was previously owned by property developer Bernard McNamara, who admitted in 2009 that he was effectively broke.
The home went on sale eight months ago for €12.5m but is believed to have been sold for closer to €10m.
Noreen McManus was listed as the new owner on November 17.
It is understood that the proceeds of the sale will be used to pay off some of Mr McNamara’s bank creditors.