A Galway planning dispute is heating up – and the Comers are on the hook for €11.4m
Galway developer Alber has planning permission for over 100 homes on a Comer site, but has yet to pay for it. The property is at the centre of parallel legal and rezoning clashes.
20th Jun, 2022 - 4 min read
The Comer brothers’ Irish empire: 80 companies, €1.2bn worth of property, 4 offshore jurisdictions
Forget the hype – Luke and Brian Comer’s property portfolio is not worth €5bn, yet it has been growing at breakneck speed in Ireland. An unprecedented investigation uncovers the real value of their investments and how they are financed.
26th Nov, 2021 - 20 min read
Vulture, lender, rescuer, aviator: The many faces of Bain Capital’s multi-billion-euro Irish office
US investment giant Bain Capital has become a dominant force in Irish business over the last seven years. Based on an investigation of more than 700 company documents, this is the story of Bain Capital in Ireland – what it owns, who it has backed, and what is coming next.
27th Sep, 2021 - 32 min read
Pigeon House debacle: McKillen’s Oakmount set to join court action
Johnny Ronan's property development group launched legal action against Dublin City Council last month over the procurement process to develop a major coastal site, since aborted. The preferred bidder is now entering the legal battle.
24th Sep, 2021 - 2 min read
After 3 years and 5 bidders, the city council has pulled plans to redevelop Dublin’s iconic Pigeon House power station
In 2018, DCC asked Ireland’s biggest developers to build a new quarter in Poolbeg on a 7-acre site that would have housed and employed thousands of people. Why have they killed the project this week?
17th Sep, 2021 - 8 min read
4,000 Irish homes, over €1bn in assets and a direct line to Wall St: under the hood at Avestus Capital Partners
From high-wire deals with US hedge funds to the establishment of in-house construction contractors and letting agents, the Dublin firm has quietly emerged as a major end-to-end property player from Cabinteely to Krakow. Here is how.
4th Mar, 2021 - 33 min read
Grand designs: Paddy Kelly on resilience, vulture funds, debt and restoring Irish castles
Out of Nama, property developer Paddy Kelly has made a rare public appearance. He talks vulture funds, anti-repossession activists and how the diaspora can help the recovery. He also reveals his involvement in restoring two castles in Co Roscommon.
4th Sep, 2020 - 7 min read
Just how much social housing is the state actually building?
Official figures show that the delivery of new social housing is increasingly reliant on the purchase of “turnkey” units from private developers. Sinn Féin Housing Spokesperson Eoin Ó Broin argues that the draft Programme for Government offers no solution to replace them with direct development by social housing bodies, which would be cheaper and more suitable.