Irish Bargain Hunters Follow Blackstone Sifting Over Debris
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At the height of Ireland’s real-estate boom five years ago, Mervyn Chamney failed with an 8 million-euro ($11 million) bid for land 16 miles from Dublin. Last month, he bought the site for about 550,000 euros.
“I was lucky that I was an unsuccessful bidder,” the 40-year-old said in an interview two days ago. “If I’d been successful, I would be ruined today.”