Thursday August 13, 2020

London property sale nets €70m profit for investors

Anglo Irish Bank and a company owned by the developer of the Jervis Street shopping centre in Dublin have made a profit of €70 million in just two years on a London property investment.

24th March, 2007

A joint venture between Anglo and Paddy McKillen’s Clarendon Properties sold the Royal Opera House portfolio of properties in Convent Garden to property company Capital & Counties for €188 million, having bought it for about €114 million in 2005.

Clarendon is owned by McKillen and Tony Leonard, and its Dublin properties include the Powerscourt Centre on South William Street and the Habitat store on Suffolk Street.

It also owns the Savoy Centre in Cork...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

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



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



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

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 7 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago