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Bord Gais Energy theatre sold for €28m

THE Bord Gais Energy Theatre has been bought by Dublin couple John and Bernie Gallagher of Jurys Doyle fame - it was sold for €28m.

It is understood that the couple outbid a number of other investors including Live Nation and Denis Desmond's MCD for the landmark Dublin venue on Dublin's south Docks.

The theatre, which was built by Harry Crosbie, originally had an €80m price tag on it, and was sold by receivers to Crownway Entertainment which is controlled by the Gallaghers.

It is the largest theatre of its kind in the country, with a capacity of 2,211.

Designed by the celebrity architect, Daniel Libeskind, it quickly became a landmark in Grand Canal Dock, surrounded by a host of trendy bars and tech companies.

Mr Gallagher heads up investment company Crownway which he controls with his wife.

She is the daughter of the late businessman PV Doyle.

Her family and that of the former chairman Walter Beatty sold the Jurys Inn chain to Quinlan Private in 2005 for €1.16bn just before the property crisis.

They also made millions from the sale of the Burlington Hotel to Bernard McNamara and the Berkeley Court to Sean Dunne.

Online Editors