The Luxembourg family behind an Irish property empire

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Controversial landlord Marc Godart was backed by parental wealth

in a bitter dispute with another tenant that was heard by the Private Residential Tenancies Board.

The same year, tenants of Reuben House, a multistorey apartment building in Dolphin’s Barn where bunk beds were packed four to a room, were issued notices of eviction by Green Label Properties and were informed that the landlord intended to sell the building. Concerns about Marc’s business dealings are brushed off. “The mother won’t listen,” a Luxembourg acquaintance said. “He’s the only son - he can do no wrong.”“They’re probably stricter about these bunk beds [in Luxembourg] than they are in Ireland,” another person who knows the family said.Over the years, the family business operations developed into a complex international web.

In August 2022, Marc Godart became the director of a British company, Limehouse Car Park Co Ltd. Three weeks later, the company filed statements to say that René Godart was relinquishing his control of the company and Syren SA was taking a controlling stake. ranging from Cleary’s pub in Inchicore to a cafe in Dolphin’s Barn and a beauty salon space on Westmoreland Street.‘Ask my son’

“Yes, I know all. You ask my son. He knows everything,” he says. He declined to answer questions as to whether the Airbnb lettings at Reuben House, which are subject to enforcement proceedings by Dublin City Council due to a lack of planning permission, would be regularised. Luxembourg – like Ireland – has a history of being used by international companies for aggressive tax-planning purposes.

The International Rent Index found rents of newly-advertised properties in Berlin rose 39.5 per cent in a single year in 2021. That autumn, residents voted in favour of the idea of appropriating properties from landlords who own 3,000 apartments or more, reflecting public support for drastic measures – though it is unclear whether it will ever be put into action.

The company filings of the Godart-Wester group of companies do not suggest that such a method is in use. For one thing, the sums of money involved are small – revenues and assets go into the millions at most, and the corporations that use that structure have revenues on a far greater scale.

 

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How is the any different from what the Government incentivised and endorsed vulture funds are doing? Just because there is a name you can pin this on? Why not do a piece on FFG and Darragh O Brien?

NaomiOhReally for crying out loud, why is this allowed to happen? Strict regulation is needed to prevent these chancers buying and rent controls long overdue.

parody Meanwhile back at the ranch Darragh O'Brien Has created New breakthrough Policy That's solves the Homeless & Housing Crisis By creating a New Office in Government I jest article he tweeted shows lack of respect for the people and his appointed office DeptHousingIRL

Keep demonising the landlords Irish times until such time as you HAVE NONE LEFT.

Our lands for the rich and corrupt to gain fortune

Parental wealth...Mother o' Godart.

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