Roy Keane among Lansdowne Place owners making six-figure gains from flipping luxury apartments

Roy Keane, the former Republic of Ireland and Manchester United captain, is among the investors who have seen significant financial gains from the Lansdowne Place luxury apartment development in Dublin. Keane purchased an apartment in the Burbidge wing for €2.2 million in 2022 and recently sold it for €2.8 million, netting a profit of €565,000.

Property Price Register filings reveal that other investors have also achieved substantial returns. Two apartments in the Burbidge wing, bought in 2023, were flipped for €1.8 million and €2.4 million, yielding profits of €243,000 and €300,000 respectively. Additionally, three apartments in the Hutchins and Nicholson sections, purchased between 2023 and 2024, sold for prices between €825,000 and €1.9 million, generating profits from €110,000 to €230,000 for their former owners.

Some properties in the Templeton and Barrington wings have also seen sales with lower, five-figure uplifts. Currently, a two-bedroom apartment in the Hutchins block is listed for €4.95 million, having been initially purchased for €3.3 million in 2024. The Lansdowne Place development, built by Joe O’Reilly’s Chartered Land firm on the site of the former Berkeley Court and Jurys hotels, originally offered 215 apartments priced between €825,000 and €6.5 million.

The development has attracted notable buyers, including rock star Rod Stewart and several prominent business figures. In 2024, a record price for an Irish apartment was set when a four-bedroom unit in the Nicholson sold for €7.2 million. The area is also slated to be the location for a new €641 million US embassy, with initial construction work underway.