Schools transferred by Christian Brothers to trust valued at €94m [IrishTimes]
- Published: 31 May 2010
ACCOUNTS FILED by the Edmund Rice Schools Trust, to which schools formerly owned by the Irish Christian Brothers have been transferred, show a valuation for the properties totalling €94 million.
The accounts, which are for the period to the end of August, 2009, state that the trust has the titles to the school properties, including the school buildings, but that no value has been attributed to the buildings. The brothers are transferring school properties to the trust but not associated playing fields or such land.
However, the schools have the right to the use of such lands as long as the schools remain in operation.
Full Story: www.irishtimes.com
