Thursday 14 December 2017

Billionaire brothers Luke (61) and Brian (57) Comer from Glenamaddy, Co Galway started out as plasterers together in the early 1970s and made a huge play on the Irish economy during the recession, buying property at the bottom of the market. Values have risen, making the brothers very wealthy as a result.

The pair have launched a slew of new housing schemes in Dublin, including Hersilwood in Knocklyon, and own a 110,000sqft (10,220sqm) building in Dublin that Facebook has just agreed to lease.

In the first six months of 2016, the Comers spent more than 75m growing their property empire here, in Germany and in the UK, having banked sales of 300m in those countries over the previous 18 months. In July, Luke Comer outlined plans to invest up to a further 200m in the three countries within 18 months. The brothers estimated in 2015 that their assets, which include stud farms and racehorses, are worth about 3bn (excluding debt).

Online Editors

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business