Saturday October 24, 2020

COMMENT: A castle made of debt

When Gerry Barrett bought Ashford Castle in 2007, it must have seemed like a personal triumph for the Galway-based property developer. But it was always unsustainable, writes Gavin Daly.

30th November, 2011
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When Gerry Barrett bought Ashford Castle in 2007, it must have seemed like a personal triumph for the Galway-based property developer, writes Gavin Daly

One of the most active property players in the boom years, Barrett already had interests all over the country. But buying the 13th century castle and estate in his own back yard may well have carried a certain amount of sentimentality as well as business rationale. With the appointment of Ernst &...

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