Saturday 15 December 2018

Ex-Anglo director's wife in drive-through plan

Stock image
Stock image

Fearghal O'Connor

The wife of former Anglo Irish Bank director Pat Whelan is seeking planning permission for a fast-food drive-through restaurant in Skerries, north Dublin.

Whelan, a former director of lending with Anglo Irish Bank, was fined €3,000 last year for failing to keep a proper register of a fraudulent €8m loan to another Anglo director and was disqualified from serving as a director for five years.

Whelan's wife, Sharon, is a director of Marbleside Ltd, which has applied to Fingal County Council for a 527 sq m two-storey restaurant with a drive-through at the Skerries Point shopping centre.

The 6,410 sq m local shopping centre, which was previously in Nama, was bought in 2017 for €3.4m by Massachusetts-based Grand Coast Capital (GCC).

GCC's Massachusetts- based CEO Jeff Carter is also a director of Marbleside.

He also has a close business relationship with prominent developer Gerry Conlan, who formed part of Anglo's so-called Maple 10 investors who bought shares in Anglo in 2008 under a deal to slash Sean Quinn's Anglo stake.

Conlan and Carter are also directors of a company planning to develop a hotel at Trinity Street in Dublin.

GCC bought Swords Town Centre for €14.5m at the same time as it bought Skerries Point, which is expected to see a major increase in passing trade soon with the opening of an adjacent new road link between Skerries and Balbriggan.

Sunday Indo Business

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