Sunday 17 December 2017

Justine McCarthy on the ?60 million worth of prime Dublin houses owned by Denis O'Brien and his companies

When billionaire businessman Denis O'Brien paid over ?30 million for a family home on Europe's most expensive residential road in Dublin 4, it was not as if he was in dire need of a dwelling house. He and his companies already own four other prestigious houses within a stone's throw of the mansion that stands on two-thirds of an acre and comes complete with a swimming pool.

This latest purchase of Ireland's second most expensive private address brings the combined value of Ballsbridge houses owned by O'Brien and related companies to a conservatively estimated ?60 million, not including his commercial property acquisitions.

The growing residential property portfolio makes O'Brien a serious corporate landlord on the leafy roads of Dublin 4, Ireland's most prestigious postal code. Since the ?58 million sale last year of Walford, situated opposite his latest acquisition, Belmont, Shrewsbury Road has acquired a reputation as Europe's priciest address. Among its residents are several fabulously wealthy property developers such as Sean Dunne, Paddy Kelly, Bernard McNamara and Des McEvaddy. Lawyer and AIB chairman Dermot Gleeson also lives on the road, as do Ireland's richest citizen, Dermot Desmond, and the investment guru, Derek Quinlan.

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