Jim Mansfield

James Mansfield, Sr.
Born 9 April 1939
Blessington, County Wicklow, Ireland
Died 29 January 2014 (aged 74)
Saggart, County Dublin, Ireland
Nationality Irish
Occupation Businessperson
Known for Property developer
Children Tony, Jimmy, P.J.

James Mansfield, Sr. (9 April 1939 – 29 January 2014), known as Jim Mansfield, was an Irish businessman, with a property portfolio that included the Citywest Hotel and Resort, several developments local to the Tallaght and Saggart areas, and Weston Airport.

Mansfield had been involved in high profile disputes over planning permission for his developments.[1][2][3] By 2011, Mansfield's companies' debts could not be serviced, and his commercial properties passed to the National Asset Management Agency.[4][5]

Early life

Mansfield was born in on 9 April 1939 and was raised in Brittas, South Dublin.[6] He left school, initially buying a lorry and working in the haulage business, then later renting or selling lorries to contractors. He made his fortune selling machinery left over from the Falklands war.[1][7] It was from this industry that Mansfield grew his business empire to include the Mansfield Group and HSS Ltd.

Business career

Mansfield's assets grew in the 1980s, according to a 2003 report in the Sunday Business Post , when he sold 100,000 tonnes of machinery, including some 1,100 earth-movers, which had been left over from the Falklands War between Britain and Argentina, for an estimated STG100 million. The Irish Times estimated the profit at £19 million in the US and a further £7 million in the UK.[7]

Mansfield realised that land was going up in value in Ireland in the early 1990s, and he successfully secured several thousand acres near Saggart, County Dublin, as well as other small pockets of land throughout Dublin. As property demand rose, so did the land value, and he successfully turned over his land assets. Mansfield Citywest Hotel was built from scratch and established as the venue for the annual Fianna Fáil ardfheis and hosted GAA functions.[1][6] He carried on dealing in his machinery trade which once again added to his wealth, amounting to a reputed €200 million as of a 21 February 2010 report in the Irish edition of the Sunday Times. [8]

Other

In 2000 Mansfield purchased the Weston aerodrome in 2000, for €13 million, an airfield to the south west of Dublin. He expanded the airfield to include a flight training facility but without full planning permission.[1] In 1999, he bought Palmerstown House, an estate near Johnstown, County Kildare, from Anne Moen Bullitt for IR£10million (€12.7million).[6]

Receivership

Mansfield had the main part of his empire, the Citywest complex, placed into receivership in 2010. The Bank of Scotland (Ireland) took the step to recover €170m loaned to two companies. On 20 April 2011, NAMA seized the last of the major assets in Mansfield's property empire. Apart from Weston airport, also seized were six of his apartment blocks at Citywest and his Palmerstown House Estate, which includes a championship golf course.[7]

Personal life

Jim Mansfield and his wife Anne had three sons, Tony, Jimmy and P.J.[3][6]

Death

Mansfield suffered from Multiple System Atrophy (MSA), a rare condition that causes symptoms similar to Parkinson's disease. He died on 29 January 2014, aged 74, and was survived by his wife and their sons.[6]

References

  1. ↑ 1.0 1.1 1.2 1.3 Olivia Kelly (7 July 2010). "Mansfield's Citywest Hotel placed into receivership as going concern". The Irish Times.
  2. ↑ "Mansfield disappointed at planning refusal". RTÉ News. 21 April 2004.
  3. ↑ 3.0 3.1 Grainne Faller (2 March 2010). "The strange case of Citywest, 750 Saudi students and the disputed contract". The Irish Times.
  4. ↑ Oliver, Emmet (20 September 2011). "NAMA's Weston airport starting to turn around as buyer sought". Irish Independent.
  5. ↑ "NAMA appoints receiver to Mansfield businesses". RTÉ News. 20 April 2011.
  6. ↑ 6.0 6.1 6.2 6.3 6.4 Jim Mansfield (21 February 2010). "The dreamer who likes to build first and ask questions later is turning to Saudi students to fund his latest project". The Sunday Times (London, UK: News Corporation). (subscription required)
  7. ↑ 7.0 7.1 7.2 Barry O'Halloran (9 January 2011). "Tale of two recessions for man once worth €500m". The Irish Times. Archived from the original on 29 January 2014.
  8. ↑ Sunday Times (Ireland), 21 February 2010.

Links

External links