MORE DEVELOPERS PUT WIVES' NAMES ON HOUSES
Following on from last week's exposé of developers who have put their family homes and other properties into their wives' names, it has come to light that several more builders have also done this.
Last December, Peter Cosgrave, one of the directors of Cosgrave Developments, put six properties and nine car parking spaces on Dublin's Fitzwilliam Quay in his wife's name. The parking spaces were registered to Oonagh Cosgrave on December 3 last year.
Also registered to Mrs Cosgrave is a house believed to be the family home on Sandycove Avenue East in south Dublin. This was put in her name on January 8, 2008, according to the Registry of Deeds.
Cosgrave Developments is best known for having refurbished the Radisson St Helen's Hotel in Stillorgan and for developments such as The Sweepstakes complex in Ballsbridge.
A number of other properties have also been put in Mrs Cosgrave's name. These include apartments at Grace Park Manor in Drumcondra (registered on December 3, 2009), an apartment in the Lisalea complex at Frascati Park in Blackrock (registered on April 29, 2009), two apartments in the Northumberlands complex on Lower Mount Street and another apartment at Derrynane Square in Dorset Street in the capital (all put into Mrs Cosgrave's name on December 3, 2009).
On the same date, a property formerly known as Sir Patrick Dun's Hospital, on Lower Grand Canal Street -- across the road from the Treasury Building in which Nama's office is located -- was also registered to Mrs Cosgrave. Formerly a hospital and medical school, it is now used for civil ceremonies.
A second developer, David Courtney, of estate agents Spain Courtney Doyle, has also registered his family home in his wife's name. Registered to Eileen Courtney on October 20, 2008, the property is a spacious two-storey Victorian pile on Belgrave Square in Rathmines. A similar property there is currently on the market for €1.975m.
Mr Courtney has long-standing business connections with fellow developer Bernard McNamara and the pair were part of a consortium (also including John Sweeney) that bought Dublin's Shelbourne Hotel for €140m in 2004.