Business Irish

Monday 1 May 2017

Kelly halves pad price

'Image' publisher Kevin Kelly's Fitzwilliam Square property is back on the market, asking €4.75m

Millionaire magazine publisher Kevin Kelly has put his palatial city pad back on the market at half its 2008 asking price. The price was €10m back then -- it's a snip at €4.75m now.

The Dublin 2, five-storey redbrick on Fitzwilliam Square covers an impressive 560sqm. Kelly bought it in the mid-Nineties for €1m from couturier Ib Jorgensen.

The Image Publications founder made his first serious money on the sale of his 50 per cent stake in The World of Interiors magazine to Vogue publisher Conde Naste in the Eighties. A magazine he created for American Express Platinum card customers in the Nineties grew to bring in a whopping $6m in advertising per issue.

Other ventures -- such as Himself, Ireland's first men's magazine, and a global directory of billionaires -- were less successful. His Image magazine is one of Ireland's most successful women's titles.

*******

THE major global real estate beano on the French Riviera, MIPIM, took place last week in Cannes.

It was once notorious for its yacht parties and champagne-fuelled excess, and no fewer than 64 Irish companies attended in 2006. It's where the Dublin Docklands Development Authority promoted schemes to global investors -- such as Grand Canal Square and the much-hyped Leibs-kind-designed Grand Canal Theatre, which opened its doors last week.

This year just 19 Irish firms signed up, including Treasury Holdings, Quinlan Private, Goodbody Stockbrokers and Bank of Ireland Private.

The local Irish pub was still said to be the liveliest place to be, though.

*******

IT'S take two for the house where Breffny, Geraldine and Co lived during the filming of TV3's The Apprentice.

Brannock is a five-bed home with electric gates, hot tub and outdoor speaker system, located in Skerries, Co Dublin. It's selling for €1.695m, a drop from its 2009 appearance, when the price was €2.3m.

Sunday Independent

Promoted articles

Also in Business