A consortium headed by the wealthy Galway developers Brian and Luke Comer has bought a substantial redevelopment site fronting on to Eyre Square in Galway for slightly over €13 million.

Aidan Gavin of DTZ Sherry FitzGerald handled the sale of almost two acres known as the Odeon site for receivers Kieran Wallace and Patrick Horkan of KPMG. The properties involved include Odeon House, O'Connell's bar, Net Café, 9 Eyre Square, An Pucan, a range of buildings on Foster Street, as well as residential buildings on St Patrick's Avenue and 22/26 Prospect Hill.