PROPERTY investments dominate the non-political earnings of the country’s TDs and Senators.
The Register of Interests of members of the Oireachtas for 2004 shows that almost half of the 166 TDs have investments in property, with a slightly smaller number declaring share holdings.
Under Ethics in Public Office legislation, all TDs and Senators must declare any interests they have outside of their Oireachtas salaries and expenses.
That includes other income, directorships, shares, interests in land and property, contracts, in addition to any gifts or gratuities they received.
The latest register, placed in the Oireachtas library yesterday, shows that some TDs and senators have made substantial investments in property.
They include junior minister Frank Fahey who owns, or part-owns, 16 properties in Galway; Athlone; Dublin; Kildare; Boston and Brussels.
FG justice spokesman Jim O’Keeffe has interests in ten properties (mostly in Co Cork). Other significant property investors are: Noel O’Flynn (FF, Cork N-C); John McGuinness (FF, Kilkenny); Denis O’Donovan (FF, Cork S-W); Sean Ardagh (FF, Dublin S-C); GV Wright (FF, Dublin North) and Donie Cassidy (FF, Westmeath), who has a large portfolio of property in Dublin.
Politicians seem to have followed thetrend of investing in property abroad. TDs have invested in properties in Warsaw; Budapest; Brussels; Leeds; Birmingham; Liverpool; Evian in France and Boston.
Ciarán Cuffe, the Green Party TD for Dún Laoghaire continues to hold shares managed through investment funds. Mr Cuffe resigned as his party’s environment spokesman several years ago when it was revealed he held shares in oil exploration companies. He said at the time that he was unaware of what companies his fund managers had invested in. Since then he has invested in green-friendly and ethical companies.
Others with large share portfolios include Roscommon Senator Frank Feighan (FG); Cork East Deputy Ned O’Keeffe (FF); Minster Pat the Cope Gallagher (FF); Jim O’Keeffe (FG); Kildare TD Sean Power (FF) and Donie Cassidy.
Taoiseach Bertie Ahern and FG leader Enda Kenny list honorary membership of golf clubs. However, Mr Ahern points out that he does not play golf.
The only listing under Tánaiste Mary Harney’s name is an upgrade for a Virgin Airlines flight from London to Johannesburg.
Labour leader Pat Rabbitte lists a half share in his family farm in Claremorris, Co Mayo, from which he derives no income.
Another listing that should prove controversial is that all the TDs and senators who are also MEPs get complimentary parking at Dublin and Cork airports.
The spokesman for the Dublin Airport Authority said this is a long-standing arrangement. The only other group afforded free parking at the airport are senior gardaí accompanying Government ministers or the President on official business.
Bertie Ahern (FF, Dublin Central):
Gifts: Honorary memberships of Elm Park, Grange, and Portmarnock golf clubs.
“I did not receive any material benefit from these as I do not play golf.”
Property: Use of St Luke’s, Drumcondra, value 13,000.
Michael Ahern (FF, Cork East)
Honorary membership, East Cork Golf Club.
(FF, Dublin South-Central)
Partner in accountancy firm.
Shares in golf club and television production companies.
Two apartments in Tallaght (letting); townhouse and apartment in Milltown, Dublin 6 (letting); offices in Clondalkin and Walkinstown; apartment in Budapest.
Shares in Glanbia; non-executive director of Signiatec Ltd, Co Kilkenny. Free car-parking at Dublin Airport (as MEP).
Richard Bruton (FG, Dublin N-C):
Occasional economic advice overseas. Farmland: 225 acres, Co Meath. Shares in AIB, Bank of Ireland, Anglo-Irish Bank.
Donie Cassidy (FF, Westmeath).
Director of music publishing and promotion companies. Shares in music, property and hotel companies, including Cassidy’s Hotel, Dublin 1.
Large portfolio of property: Cavendish Row, Dublin 1; Molesworth Street, Dublin 2; The Green, Beaumont Woods Dublin 9; Mullingar; Gardiner Row, Great Denmark St and Rutland Place, all Dublin 1.
Michael Collins (Limerick W):
Site at Dooradoyle.
Interest in pub/restaurant.
Joe Costello (Lab, Dublin C):
Rental property at North Circular Road, Dublin 7.
Simon Coveney (FG, Cork S-C):
MEP. Landlord at 3 Holmeade House, Holles Street, Dublin 2.
Shares: Retail Properties Ltd, Private Wealth Managers, Dublin 2 (Irish property investment).
Free parking at Dublin and Cork airports.
Brian Cowen (FF, Laois-Offaly):
Apartment in Leeds, England.
John Cregan (FF, Limerick West)
Letting of apartment in his constituency office, Newcastlewest.
(Green, Dun Laoghaire)
Architect. Landlord. College Lecturer. Shares: portfolio management in investment account, Brown Advisory, Baltimore, MD, USA. Fund units in Dolmen Securities, green effects fund. Friends First, stewardship fund.
Land: 16 Fade Street, Dublin 2,
Martin Cullen (FF, Waterford)
Shares in the Fourth Belfry Properties (British commercial property investment).
John Curran (FF, Dublin M-W)
Landlord, industrial unit in Tallaght. Director of audio-visual equipment company.
Jimmy Deenihan (FG, Kerry N):
Land: 27 acres in Finuge and Coulagonn, Co Kerry.
Tony Dempsey (FF, Wexford)
Shares in exploration, banking, Eircom, development.
House in Fisherman’s Wharf Dublin (family use); apartment in Cyprus (holiday home).
Jimmy Devins (FF, Sligo):
Shares in Canada Life. Investment in nursing home, Strandhill.
John Ellis (FF, Sligo-Leitrim)
Farmer, Landlord. Director of development company. Farmland in Leitrim. House in Carrick-on-Shannon. Apartment in Stephen’s Gate, Dublin 8 (rented).
Frank Fahey (FF, Galway West).
Shares in Vodafone. Landlord of apartments in Eglinton Court and New Docks Galway; house at Dun na Coiribe, Galway; house in Claregalway, house at Kilbeacanty, Gort. Shares in the following properties: Moydrum, Athlone; four apartments and shop at Lr Gerard St, Limerick; development land (ten houses), Claregalway; development land, Gort; house at Rinawade Close, Leixlip; house at Liscannor, Co Clare; dwelling at Dromard Tce, Sandymount; development site at Orwell road, Rathgar; residential property at Strathmore Rd, Boston; residential property, Brussels; apartment, Dun Na Coiribe, Galway.
Pat the Cope Gallagher (FF, Donegal SW):
Shares in Vodafone; Riada Funds; Davy funds; Mount Views Film Productions.
Jim Glennon (FF, Dublin N)
Consultant, Medisec Ireland.
Noel Grealish (PD, Galway W):
Director of glass company. Half acre site at Cregmore, Co Galway.
Mary Hanafin (FF, Dun Laoghaire):
Shares in Mid-Media limited, owner of the Athlone Voice.
Mary Harney (PD, Dublin M-W):
Airline upgrade, London to Johannesburg.
Sean Haughey (FF, Dublin N-C):
Shares in Larchfield Securities (Haughey family holding company). Mobile home site in County Wexford.
Jackie Healy-Rae (Kerry South)
Travel facilities: “my own car.”
Phil Hogan (FG, Carlow-Kilkenny):
Auctioneer. Shares in Hogan, Campion Auctioneers. Property at 17 Haddinton Square, Dublin 4.
Billy Kelleher (FF, Cork N-C):
Shares in Kerry Co-op. 132 acres in Co Cork for farming.
Funeral Director. Funeral business office, Longford.
Enda Kenny (FG, Mayo):
Guest member of Mount Juliet golf club, honorary member of K Club; member of Ballinrake golf club, Mayo.
Tom Kitt (FF, Dublin S):
Two bed apartment, in Dorset Street, Dublin 2 (rented).
Honorary membership of two golf clubs.
Michael Lowry (Tipperary N):
Director, Garuda Ltd, Thurles.
Land: Garuda Ltd, thurles; 10% owner of site in Marsfield, England; 50% shareholder in property company, Bedfordshire.
(FG, Galway W):
Property: House in Foster Court, Galway (rented)
Michael McDowell (PD, Dublin S-E):
Property: 9 Manders tce, Dublin 6 (letting); 10% interest in block at Eastpoint Office Park, Dublin.
Paul McGrath (FG, Westmeath):
Property: Mary St, Mullingar, shop and apartments (rented).
Occupation: Interlink (transport company).
Three properties let in Kilkenny; one property let in following locations: Santry, Dublin; Grove Island, Limerick; Shinorne Nursing Home, Offaly.
Arthur Morgan (SF, Louth):
Occupation: Seafood Processors Ltd, Omeath.
(FF, Cork N-W):
Property: apartment let in Percival Street, Kanturk.
(Lab, Kerry S):
Land: Apartment in Birmingham (letting); apartment in Liverpool (letting). Joint ownership with husband.
(FF, Dublin S-C):
Barrister. Shares in Bank of Ireland; CRH plc; Aviva Ltd. Apartment in Inchicore (investment).
Gerard Murphy (FG, Cork N-W):
Office in Kanturk (rented); apartment in Poland; post office in Newmarket, Co Cork.
Dan Neville (FG, Limerick W):
Auctioneer. 50% of residence at Abbey Estate, Adare (letting).
MJ Nolan (FF, Carlow-Kilkenny):
Shares in Glanbia; Vodafone.
Willie O’Dea (FF, Limerick E).
Shares in Petrol Resources Ltd;
Ormonde Mining; African Diamonds Ltd.
Liz O’Donnell (PD, Dublin S):
Contract to purchase apartment at Spencer Dock, Dublin 1.
Denis O’Donovan (Cork S-W):
Solicitor. Landlord: North Street (shop and offices); two houses and offices in Bantry; student accommodation at Shanowen Hall, Santry, Dublin.
Noel O’Flynn (FF, Cork N-C).
Landlord, Motor Parts Distributor (Noel O’Flynn Ltd). Shares in Kilnap Developments Ltd.
Land: Commercial units in Mallow; site in Rathcooney (for development); apartment at Pope’s Quay, Cork; apartment at Cratloe Wood, Limerick (part owner); further property in Dublin 22 and lands at Kinsale, and Mallow Road, Cork (part owner).
Jim O’Keeffe (FG, Cork S-W):
Solicitor. Shares in large number of companies including Ryanair, AIB, IBM, Iona, Intel, CRH, Alcatel, Irish Life and Permanent; McElhinney Hotels Ltd.
Interests (owner or part-owner) in ten properties located in Schull; Glengarriffe; Drinagh; Skibbereen; Goleen and Castletownsend.
Ned O’Keeffe (FF, Cork E):
Farmer. Shares in Dairygold; Permanent TSB; Greencore; AIB; Kerry; Beecham/Glaxo; Bank of Ireland; Grafton; Eircom; Woolsey: Heatons; Marks and Spencer; BA.
Tim O’Malley (PD, Limerick E):
Rent and consultancy fee from pharmacy in Limerick. Holiday home in Ballybunion.
Willie Penrose (Lab, Westmeath):
Shares in Irish Permanent, Bula, Vodafone.
Land: shop in Westmeath; property in Kent, England.
GV Wright (FF, Dublin N):
Land: shop, office in Malahide. Shares in property in Malahide, Augustine Street, Harbour Court, Dublin.