Monday September 21, 2020

Developer 007 and the €1.8 billion corporate coup

Blackstone has moved to seize control of Michael O’Flynn's property empire. The Cork developer is now fighting back.

3rd August, 2014

The old Burlington Hotel, the sprawling, cavernous 500-room property in Dublin 4, has seen it all – and then some. Bernard McNamara, the rampaging developer, wanted to tear it down, and turn it into a shimmering citadel of high priced flats and high rise office space. The economic crisis put paid to that, though.

It was rescued by Blackstone, a multinational private equity giant – perhaps the multinational private equity giant – two years ago, and...

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