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Irish Property Tycoon Commits Suicide

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Irish police believe a well-known Dublin businessman, with extensive property interests in Britain, has killed himself.

The body of property tycoon Patrick Rocca was found at his home at Porterstown, Castleknock, in west Dublin, yesterday morning.

He was found with a single gunshot wound to the head and a firearm nearby has been taken away by forensic investigators, but Gardai have said they are satisfied nobody else was involved.

Mr Rocca, 41, had a fortune which was put at €500million (£462.9m) in 2007 and he is thought to have completed 20 property deals in the UK during the last few years, worth about €300million in total, including €100 million for a distribution centre for retailer Argos in Bedford.

Other UK property assets owned by his company, Accorp Properties, include Lloyds Chambers on Portsoken Street in the City, Quadrant House in Sutton, Surrey; Norwich Union House in Sheffield, and Crystal Court near London’s City Airport.

He kick-started his UK property portfolio in 2005 with the €17million acquisition of two office blocks near Gatwick Airport

There is speculation in Irish business and media circles today that Mr Rocca, who holidayed in Marbella and who bought a Sikorsky helicopter in November before upgrading to a Jet Ranger, may have lost a substantial sum in Anglo-Irish Bank — which was nationalised by the Irish Government late last week.

Asset prices are a matter of opinion - debt is real. It seems to affect some people very badly when it all goes pear shaped. :blink:

Edited by Red Kharma

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It's all about timing he started in 2005 whereas he should have stared in 95 and sold in 2005, i guess there's

one born everyday. Still he help to keep Labour in power untill the shit hit the fan fair play to him.

Didn't know Labour were big in Eire? :rolleyes:

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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