Healthcare investor Welltower's €5.9bn acquisition of the nursing homes portfolio, largely owned by JP McManus, Dermot Desmond, and John Magnier, marks the latest splurge by an American fund in the market.
Swiss tax resident JP McManus’s hotel and golf resort stands to benefit most directly from up to €238m in State funding for the 2027 event, but the business doesn’t even disclose its owners.
The building was put on the market earlier this year by the commercial property developer Iput, guided at just under €19m. McManus already owns two buildings on the bustling shopping thoroughfare.
Novellus’s Irish office is driving the growth of the billionaire family’s UK-headquartered finance business. An in-house broker is coming next.
Stymying receivers at his Castlehyde home has bought the Lord of the Dance time to pursue claims of malice and bad faith against lender Novellus. But the case raises questions about the value of the property and the robustness of Flatley's business.
Tizzard Holdings Unlimited has applied to turn a family bungalow close to the JP McManus luxury resort into office space in advance of the golfing spectacle in September 2027, just as Limerick officials highlight the county's housing crisis.
JP McManus built the Rugby Experience as a public monument. Limerick's council walked a fine line to outline liabilities without criticising his generosity.
Through a series of Davy-linked British Virgin Islands and Irish companies, The Currency has traced the involvement of companies and individuals closely linked to the Limerick-born billionaire with the shopping centre and related property vehicles.
On the day after its managing director resigned, Novellus appointed receivers to “one of the most impressive” farms in Co Louth. The landowner is now threatening court action.
While the Limerick businessman is in Cheltenham watching his horses run, the UK- and Dublin-based lending arm of his family office is funding more and more property deals all over Ireland.
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