Friday 21 September 2018

Singapore investor Quek buys over €10m of offices in Georgian Dublin

75 Merrion Square in Dublin
75 Merrion Square in Dublin
John Mulligan

John Mulligan

Singapore businessman Stanley Quek is understood to have snapped up a number of Georgian properties in well-heeled districts of Dublin over the past year, a spree that has cost well in excess of €10m.

Among the properties he's believed to have acquired recently are offices on Molesworth Street and Merrion Square.

The businessman already has strong links with Ireland, having studied medicine in Trinity College and received an honorary degree from National University of Ireland. He was once the honorary consul general of Ireland to Singapore.

He is believed to have bought properties including 75 Merrion Square, which was put up for sale earlier this year with a €4m asking price. It extends over more than 5,400 sq ft. The entire building is let to Enet, the company that manages the State's Metropolitan Area Networks fibre system.

This year, Mr Quek is also believed to have acquired 20 Molesworth Street. That Georgian property was put up for sale during the spring with an almost €2.4m guide price.

A short distance away, the Singapore doctor, investor and developer is also understood to have acquired both 24 and 25 South Frederick Street.

Number 24 hit the market in spring with an almost €1m guide price. Number 25 was put up for sale in late 2016 with a similar guide.

Also thought to now form part of Mr Quek's portfolio in Dublin are numbers 120-122 Lower Baggot Street.

Last year, he is also understood to have bought 39 Fitzwilliam St Upper, which had a guide price of €1.7m.

Mr Quek and his family moved from Singapore to London in 1960. He began studying medicine at Trinity College in Dublin in 1967.

After he graduated, he returned to Singapore. He began buying properties, refurbishing them and selling them on. He is executive chairman of Region Development in Singapore, a company he founded more than 30 years ago.

He is also the co-owner in Dublin of the Trinity Lodge Hotel, which he bought with Singapore hotelier Loh Lik Peng in 2016 for €7m.

Mr Peng was born in Ireland and his father lectured Mr Quek in Trinity. Loh Lik Pen operates the Unlisted Collection group, which includes boutique hotels and restaurants in cities such as Singapore and London.

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