Sunday March 29, 2020

Gannon behind €4.9m property play on Dawson Street

Low-profile developer Gerry Gannon is the private investor who paid €4.9 million for an investment property at 53 Dawson Street in Dublin last week.

8th October, 2005

Low-profile developer Gerry Gannon is the private investor who paid €4.9 million for an investment property at 53 Dawson Street in Dublin last week.

The yield after costs is around 1.65 per cent, a record low for Dublin and less than he could have earned if he had put the money in a deposit account.

Gannon attended the auction personally and bid himself, rather than through a solicitor.

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