McNamara undone by confidence in market

COLM KEENA The Irish Times 01/13/2010 13:28

Bernard McNamara: in the middle of the last decade his name cropped up again and again as Irish commercial property deals created headline after headline

ANALYSIS: The developer’s mid-noughties spending spree on commercial property left him badly exposed to prices crash

BERNARD McNAMARA, who turned 60 yesterday, came up to Dublin from his native Co Clare in 1984, determined to find contracts for the eponymous building company founded by his father, Michael McNamara, back in the 1940s.

Over the decades since he has created an enormous contracting business while branching out into property development, property investment and hotel ownership.

Often he marries the various activities, with his building company constructing commercial property for a separate company which might in turn hold the property as an investment.

The building company he took over from his father, Michael McNamara Co, has a lengthy record of building for both the public and private sectors, with the public work including clients such as hospitals, universities and government departments.

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