Wealthy Irish families buying Grafton Street buildings, often for cash

Source: irishtimes.com irishtimes.com

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Properties on Dublin's Grafton Street command some of the highest rents in the country. Photograph: Dara Mac Dónaill Rich Irish families are buying buildings on Grafton Street, Dublin, often for cash, as big investment funds seek to reduce the amount of retail property in their portfolios. Limerick billionaire JP McManus, founder of Panda waste collection business Eamon Waters, the Brennan family, owners of the famous bread brand, the McConn family from Roscommon, who own the Budget and Avis franchise in Ireland, and Brian McKiernan, a former head of the Davy financial services group, are among those who now own buildings...