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The Irish government paid €11.25M for Castletown House, exceeding market value, to preserve the historic estate under public ownership.
The Office of Public Works paid €11.25 million for 235 acres at Castletown House in Kildare, nearly €4 million above a €7.25 million to €7.5 million market valuation, to secure the historic estate under state ownership.
The purchase, completed in November, followed years of failed attempts, including a 2021 bid denied by the government, and a 2022 sale to a third party that triggered community protests over access.
The OPW justified the higher price as necessary due to the site’s heritage significance and its role as a “special purchaser,” emphasizing long-term cultural and community benefits.
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El gobierno irlandés pagó 11,25 millones de euros por Castletown House, superando el valor de mercado, para preservar el patrimonio histórico bajo propiedad pública.