British Virgin Islands-based company buying up portfolio of premium Dublin properties

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Dublin offices of Davy linked to complex network of international finance and property investment and development groups

An evening panorama of the river Liffey with some of Dublin's tallest structures on view. Photograph: iStock

Files in Tailte Éireann show the company bought 99 St Stephen’s Green a few doors down from the KPMG headquarters in November 2021; the Waterloo Exchange building, on the corner of Waterloo Road and Baggot Street Upper, in January 2022; 100 St Stephen’s Green in June 2022; 97 St Stephen’s Green in September 2022; and Kilmore House, Spencer Dock, in November 2023.DTIl is the owner of 106 Grafton Street on the corner with Suffolk Street.

DTIL is the also the owner of 105-106 Grafton Street, on the corner of Grafton Street and Suffolk Street, according to Dublin City Council planning files. A planning application in August 2021 was accompanied by a letter from Davy saying it was acting for the owner of the building, DTIL Ltd, and consented to the application.

The 2022 accounts of another Lucan-based Dever company, Dever Finance DAC, show that, on December 20th, 2021, it issued loan notes for €602,346,418 to two related companies, Halley Universal SA and Bayton Group Ltd. No address is given for these companies and it is not known if they are in the BVI. Another of the Dever investment companies based in Lucan, DSPL Finance Unlimited Company, is linked to special housing development projects in counties Meath and Westmeath, public records show.

Planning application files show that DSPL was behind successful special housing development planning applications to An Bord Pleanála in Duleek, Co Meath, and Rathgowan, Co Westmeath, in April and July 2022. It was also associated with a successful planning application in September 2021 in relation to part of the Cashel Town Centre in Co Tipperary.

 

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