Luke and Brian Comer

Luke and Brian Comer
Residence Monaco
Nationality Irish
Occupation Property developers
Known for Founders and owners of the Comer Group
Net worth £770 million (May 2017)[1]
Princes Park Manor, Friern Barnet. Formerly Colney Hatch Lunatic Asylum and converted to residential accommodation by Comer Group.
Comer Crescent, Southall. Built by Comer Homes in 1997.
Comer House, New Barnet, London - a Comer residential development

Luke and Brian Comer are Irish billionaire property developers, the founders and owners of the Comer Group, a privately-owned UK property development company.

Early life

The Comer brothers come from Glenamaddy, Co Galway, in Ireland.[2][3]

Career

They left school in their teens to work as plasterers.[2] They moved to London in 1984,[4] working first as plasterers and then moving into property development.[2] Since then their focus has shifted to Germany and then to Ireland in 2010, in their quest for value-for-money.[2]

The brothers' notable projects include the conversion of the listed Friern Hospital (formerly Colney Hatch Lunatic Asylum) to residential accommodation in the mid-1990s as Princess Park Manor.[5][6][7]

The Comers invested more than €75 million in property purchases in Ireland, the UK, and Germany within just six months (November 2015-April 2016) and reported plans to invest an additional €200 million in the 18 months to follow.[8] In 2017, two farmers in Ireland filed suit against the brothers over land rights to five acres of grazing territory in north county Dublin.[9]

In 2018, the Comers purchased Kilmartin House, a 111 acres piece of land in Dublin 15. The land will be used for a residential development.[10] 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 Kookman Bank for €101 million[11].

Personal life

They live in Monaco.[3]

References

  1. ↑ "Rich List 2017: #166, £770 million". The Sunday Times Magazine. 7 May 2017. p. 57.
  2. 1 2 3 4 John McManus (27 June 2014). "Luck, timing and a few master strokes key to Comer brothers' success". Irishtimes.com. Retrieved 14 May 2017.
  3. 1 2 Madeleine Lyons (5 March 2015). "Luke Comer on a €400 million Irish property spending spree". Irishtimes.com. Retrieved 14 May 2017.
  4. ↑ History. Comer Group. Retrieved 14 May 2017.
  5. ↑ One-on-one interview with Brian Comer at Comer Homes. What House?, 3 April 2015. Retrieved 14 May 2017.
  6. ↑ Bloomfield, Ruth (4 October 2012). "Princess Park Manor: From Asylum to Posh Retreat for One Direction - WSJ". Online.wsj.com. Retrieved 17 August 2015.
  7. ↑ Friern Hospital. Lost Hospitals of London. February 2008. Retrieved 14 May 2017.
  8. ↑ "Comer brothers plough €75m into property empire - Independent.ie". Independent.ie. Retrieved 3 October 2018.
  9. ↑ "Comers' property company settles court case with Dublin farmers". The Irish Times. Retrieved 3 October 2018.
  10. ↑ "The Irish Times". Comers emerge as buyers of 111-acre Dublin 15 site. 29 March 2018.
  11. ↑ "Docklands office block bought for €5m sells for €101m". The Irish Times. Retrieved 3 October 2018.
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