Business Irish

Tuesday 12 December 2017

Tycoon registers home in wife's name

Property mogul Mansfield transferred ownership of Georgian mansion to spouse two weeks before hotel group was placed into receivership by bank

John Reynolds

JIM Mansfield, owner of the Citywest Hotel, conference centre, leisure and golf complex, is the latest high-profile name associated with property development who has transferred ownership of the family home to his wife.

His Georgian mansion, Tassaggart House, close to the Citywest complex in Saggart, Co Dublin, was registered to Anne Mansfield on June 22 this year, two weeks before the hotel group was placed into receivership by Bank of Scotland (Ireland).

In 1990, Mr Mansfield reportedly paid IR£1m for the house and the 160 acres of land on which it stood.

Although he is reported to have recently sold two helicopters -- an Augusta 119 and a Bell 206 -- and built a helipad at the mansion, this is not the only evidence of his taste for the high life.

While his residence is reported to house an art collection that includes a Picasso, in the past he unsuccessfully attempted to buy the Lyons Estate -- the former home of Ryanair founder, the late Tony Ryan -- from UCD.

Other properties owned by Mr Mansfield include an extensive landbank of up to 2,200 acres in Dublin and Kildare, the Weston private airfield near Lucan, the West Park Hotel on the Naas Road and the Palmerstown House Hotel and golf course in Co Kildare.

Living close to their father are sons Anthony and Patrick, with addresses at Coldwater Lakes, an exclusive development of 16 large double-fronted trophy properties in the grounds of the Citywest resort.

Five of the Coldwater Lakes homes are on the market. Number 12 -- a 3,150sq ft four-bedroom pile on half an acre behind electric gates -- is the most expensive of these, with an asking price of €1.6m.

Sunday Independent

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