Sunday 26 February 2017

Secretive tycoon insists he's not in default on any loans

Dearbhail McDonald

Dearbhail McDonald

PADDY McKillen is one of Ireland's most prolific developers and amongst its most secretive.

Notoriously media averse, the Belfast-born entrepreneur is best known for his redevelopment of a former hospital on Dublin's Jervis Street into one of the capital's busiest shopping centres.

Mr McKillen, who lives with his wife, the former model Maura McMenamin, in Foxrock, South County Dublin, has come through the property crash much better than many of his developer peers. He insists that he is solvent and not in default on any of his loans.

Mr McKillen's London investments include a large stake in Maybourne Hotel Group, the company which owns the five-star Claridge's, Connaught and Berkeley hotels and which has resisted transfer to NAMA.

He also co-owns a number of Northern Ireland registered property firms, including Belfast Office Properties and Finbrook Investments and he is believed to own prestigious property in Paris as well as a share in the Covent Garden complex, which houses the Royal Opera House in London.

Mr McKillen shuns the limelight but two years ago a high-profile legal action with his long time friend and co-investor, solicitor Ivor Fitzpatrick, attracted unwelcome publicity.

The row, which was ultimately settled, related to the conduct of the affairs of Canton Casey, a major property development holding company which had interests in distribution agencies and in quarries in south east Asia.

Irish Independent

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