Haughey sells Kinsealy for £30m - report

 

Former Taoiseach Mr Charles Haughey has sold his mansion and 270-acre estate in Kinsealy north Dublin to Treasury Holdings for £30 million, according to a report to newspaper reports today.

An article in the Sunday Independentsaid property developers Treasury Holdings is hoping to build high density housing on the estate which is currently zoned for agricultural use only.

Mr Haughey is expected to retain residency in his Abbeville mansion for the rest of his life at Treasury Holdings’ expense though he is expected to divide his time between Ireland and France, the paper said.

"It has been established that the former Taoiseach took personal control of the negotiations and is understood to have greatly impressed the purchasers with his grasp of detail and trading skills" according to the paper.

Last year Treasury bought a 10-acre plot of land on the Abbeville estate for £6 million. Mr Haughey and his wife hold their mansion and 20 acres of land in their own names. The remaining 250 acres is held by the family company Larchfield Securities which is controlled by Mr Haughey’s four children.