It seems this has been quite a good week for the Goodman family, mostly comprising beef baron Larry and son Laurence. The €1 added to a bottle of wine should ensure a steady stream of cross-Border shoppers, and with Newry within easiest travel distance for most of the State’s population, and with the Goodmans developing a significant new shopping centre there, their project at the site of the former Greenbank Industrial Estate should see enhanced footfall as a result of higher shopping costs on the other side of the Border.
And yesterday, the Goodmans are reported to have closed the sale for the former Bank of Ireland headquarters on Baggott Street in Dublin city centre. The building which was being developed by a large consortium that included the UK bankrupt Paddy Shovlin and Tony and Patrick Fitzpatrick, and the larger-than-life Derek Quinlan – or Derrick Quinlan as his friends the billionaire Barclay brothers call him – and the Irish bankrupt, Sean Fitzpatrick and lastly, according to the Irish Times, the CEO of Trinity Biotech, Ronan O’Caoimh. The Irish Times quotes a statement from the Goodman family saying “the property division of Parma Group through its wholly-owned subsidiary Ramly Ltd has purchased the former Bank of Ireland headquarters building in Baggot Street”
Earlier in the year Bank of Scotland (Ireland) and Danske Bank and ACC Bank had Kieran Wallace of KPMG installed as receiver to the property which was subsequently put on the market by Jones Lang LaSalle with an asking price in the €30-35m region. The actual sale price hasn’t been disclosed. Jones Lang LaSalle described the property as “the best redevelopment opportunity in Dublin” – the property listing doesn’t appear to be on the JLL website. NAMA is not associated with the sale, and it is understood that the Goodmans are not NAMA borrowers.
The 76-year old Larry Goodman is understood to be Ireland’s 15-richest person with a fortune estimated at €750m. Aside from his meat processing business which prompted a tribunal, Larry has interests in private hospitals including the Blackrock Clinic in Dublin and the Blackrock Clinic in Galway and there has been talk of a new facility in the grounds of the exclusive Adare Manor in Limerick.