Monday September 21, 2020

Comer companies’ profits top €200 million

Majority of multimillion-euro profits reported by property developers Luke and Brian Comer are from revaluations of investment properties

Killian Woods

Business reporter

@killianwoods
12th July, 2020
Brian and Luke Comer, whose Irish portfolio is worth €2bn. Picture: Newscast

Companies connected to Luke and Brian Comer, two of Ireland’s richest property developers, recorded hundreds of millions of euro in profit last year.

New accounts published by firms owned by the multimillionaire Comer family showed collective profits in excess of €200 million in 2019. All firms in question are ultimately controlled by Redrok Limited, a firm based in the British Virgin Islands.

The Business Post understands the majority of multimillion-euro profits are connected to...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Banking sources says take-up is surprisingly strong given lack of alternative jobs in the industry

Ian Guider | 4 hours ago

Two US hedge funds have scooped up 1.2 per cent of the bank’s shares at a value of €22 million

Barry J Whyte | 5 hours ago

The company, led by Dragons' Den investor Ramona Nicholas and her husband, is being sued for alleged over-claiming of fees

Rosanna Cooney | 1 day ago