Thursday 19 October 2017

Developer's son dies of suspected heart attack

Gerry Gannon: devastated
Gerry Gannon: devastated

Genna Patterson and Breda Heffernan

THE only son of Irish property developer Gerry Gannon is suspected to have died from a heart attack.

A post-mortem examination will be carried out on the remains of Peter Gannon (31) today but it may be several weeks before the precise cause of his death is confirmed.

Peter was found dead at his home in Dublin on Sunday morning. He had no known health problems.

His father, one of Ireland's best-known developers, said both he and his wife, Margaret, were totally heartbroken by their son's death.

It is the second tragedy to hit the family, with Gerry and his wife losing their six-year-old daughter, Emma, more than 30 years ago. The couple have three other daughters, Julie, Amy and Sarah. Peter's body is expected to be released back to the family this evening. The body will be brought to the family's Howth home where it will be waked.

Peter's funeral Mass is due to take place at St Fintan's Church, Sutton, on Friday.

Gardai are carrying out an investigation into Peter's death at Park Avenue in Clongriffin. But a spokesman said they were not treating it as suspicious.

The Gannon family have appealed to the media for privacy to allow them time to grieve the loss of Peter, who they described as "a wonderful son and brother".

"We are devastated by his loss. We are appealing to the media for privacy to allow us to grieve our Peter with the dignity he deserves," Gerry said.

The Roscommon-born property developer is best known as 'the man in the hat' given his penchant for stylish headwear.

He made a fortune in the Celtic Tiger property boom largely thanks to residential and commercial property development in the Dublin area.

Mr Gannon was also known for his financial support of various golf clubs and a Dublin-based football team. However, he borrowed heavily from the Irish Nationwide and purchased the K Club with Dr Michael Smurfit in 2005.

As his property interests flourished he expanded his portfolio to boast a number of prop

erties in the UK.

At the peak of the property boom, he travelled around Ireland in his own helicopter and had a luxury property in Spain.

However, after the Celtic Tiger property bubble imploded in 2008, loans from his property companies were transferred to the State-controlled debt agency, NAMA.

Two years ago, one of his properties in north county Dublin was torched by thugs.

Historic Newton House, in Swords, Dublin, was the latest casualty in a string of attacks that seemingly targeted the developer.

Irish Independent

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