Prospective buyer for Westport House

AN announcement is due today (Friday) of a new owner who is prepared to invest €50 million in Westport House and the surrounding estate.

The property was put on the market a year ago.

Sources have indicated the investment will protect the 40 existing jobs at Westport House and could offer substantial further jobs.

There are unconfirmed reports that the main investors are a local family with strong business interests.

A press conference will be held in Westport later.