Luke and Brian Comer | |
|---|---|
| Nationality | Irish |
| Occupation | Property developers |
| Known for | Founders and owners of the Comer Group |
Luke and Brian Comer are Irish billionaire property developers and the founders and owners of the Comer Group, a privately owned UK property development company.
Early life
The Comer brothers come from Glenamaddy, County Galway, in Ireland.[1][2] Luke is the older brother, born in November 1957; Brian was born in January 1960.[3]
Career
The brothers left school in their early teens to work as plasterers.[1] They moved to London in 1984, working first as plasterers and then moving into property development.[4][1] Since then their focus has shifted to Germany and then to Ireland in 2010, in their quest for value for money.[1]
The brothers' projects include the conversion of the listed Friern Hospital (formerly Colney Hatch Asylum) to residential accommodation in the mid-1990s as Princess Park Manor.[5]
The Comers invested more than €75 million in property purchases in Ireland, the UK, and Germany in a six-month period (November 2015-April 2016) and reported plans to invest an additional €200 million in the 18 months to follow.[6] In 2017, two farmers in Ireland filed suit against the brothers over land rights to five acres of grazing territory in north county Dublin.[7]
In 2018, the Comers purchased Kilmartin House, a 111-acre piece of land in Dublin 15 to be used for a residential development.[8] In May 2018 it was reported that the Beckett Building, which was purchased by the Comer Brothers in 2013 for roughly €5 million, was sold to Kookmin Bank for €101 million.[9]
According to the Sunday Times Rich List in 2023, the brothers had a net worth of £913 million.[10]
Galway United
Since 2013 the brothers have sponsored Galway United and invested several million in the club. In March 2022 the Galway United Friends Co-operative Society voted to allow a bid by the Comer Group to become the majority owners of the club.[11]
Horse racing
Luke Comer, who is resident in Monaco for tax purposes, breeds and trains race horses in Ireland.[2][12] In September 2023 his trainer's licence was suspended for three years after twelve of his horses tested positive for anabolic steroids. He was fined €60,000 for the positive tests and an additional €5,000 for having incorrectly told the Irish Horseracing Regulatory Board (IHRB) that he had an unblemished record. He was also ordered to pay 80% of the IHRB's legal costs, amounting to a bill of around £644,000.[13]
Mast Quay Phase II
In September 2023, Greenwich Council ordered the demolition of the Comer Group project Mast Quay Phase II in the Woolwich Dockyard area of southeast London, after 26 major deviations from the planning permission granted in 2012 were highlighted. Apartments marketed as having disabled access were found to have steps to the outdoor space; there were missing roof gardens; a garden area had become a carpark after the planned underground parking was never built; a child's play area was missing.[14] The council issued the following statement: "The council believes that the only reasonable and proportionate way to rectify the harm created by the finished Mast Quay Phase II development to the local area, and the tenants living there, because of the changes made during its construction, is the complete demolition and the restoration of the land to its former condition."[14]
There are 204 flats in the affected blocks, all marketed for rent. At the time of the enforcement notice the Council believed that 78 were occupied.[15]
References
- ^ a b c d John McManus (27 June 2014). "Luck, timing and a few master strokes key to Comer brothers' success". The Irish Times. Retrieved 14 May 2017.
- ^ a b Madeleine Lyons (5 March 2015). "Luke Comer on a €400 million Irish property spending spree". The Irish Times. Retrieved 14 May 2017.
- ^ "Comer Group Limited". Companies House. Retrieved 17 September 2023.
- ^ "History". Comer Group. Retrieved 17 September 2023.
- ^ "The new cast of neighbours: Why the bling brigade is flocking to a former asylum in north London". The Independent. 9 March 2012.
- ^ "Comer brothers plough €75m into property empire". Irish Independent. 8 May 2016.
- ^ "Comers' property company settles court case with Dublin farmers". The Irish Times. 27 November 2017.
- ^ "Comers emerge as buyers of 111-acre Dublin 15 site". Comers emerge as buyers of 111-acre Dublin 15 site. 29 March 2018.
- ^ "Docklands office block bought for €5m sells for €101m". The Irish Times. 23 May 2018.
- ^ "The Sunday Times Rich List 2023". The Sunday Times. Retrieved 17 September 2023.
- ^ "Galway United approves billionaire Comer brothers takeover". Galway Daily. 31 March 2022.
- ^ "Luke Comer". Racing Post. Retrieved 17 September 2023.
- ^ "Trainer banned for three years after 12 horses test positive in doping scandal". The Guardian. 14 September 2023.
- ^ a b "London apartment block that deviates from plans must be torn down, says council". The Guardian. 27 September 2023.
- ^ "Demolish 'mutant' Mast Quay flats, Greenwich council orders developer". The Times. 28 September 2023.
This page was last edited on 1 December 2023, at 21:27