Friday 15 December 2017

Gregorian chant falls on deaf ears in High Court

Coughlan's self-imposed exile is a punishment of sorts for a supposedly proud west Corkonian, writes Maeve Sheehan

HE has earned the distinction of being the only one in Ireland's golden circle of property tycoons to end up wanted for arrest for contempt of court. But Greg Coughlan, the founder of Howard Holdings, who has abandoned his adopted home of Kinsale rather than square up to his €28m debts, is not expected back to face the consequences of that dubious accolade any time soon.

The developer, who is in his 60s, has been seen relaxing in bars in Portugal where he is believed to be now living with his wife, Ann.

Back home, Fastnet, the dream house that he built from scratch for a reported €7.5m overlooking Kinsale harbour, has been rented out and is believed to be discreetly available for sale to the right bidder. Packed bags of personal belongings that were spied through the window of the 6,000 sq ft architect-designed home with an indoor swimming pool before his departure suggested that the owners weren't coming back for a while.

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