EuroMillions winner fails to land retail park

EUROMILLIONS WINNER FAILS TO LAND RETAIL PARK

EuroMillions jackpot winner Dolores McNamara has failed to get control of the Childers Road Retail Park in Limerick.McNamara won a €115m EuroMillions jackpot in 2005 and lost out to Irish Life, the largest commercial property owner in Ireland. They have slightly higher assets to play with than the mum-of-six from Garryowen in Limerick totalling €2.5bn and won the €46m bidding war.It was only last week when Ms McNamara, advised by Eddie Hobbs, made an offer above the €44m guide price set by managers Harcourt Life. But her dreams of landing the retail park were dashed by the commercial property giants.In England, $148m EuroMillions winner Adrian Bayford also entered the property market buying several houses in Essex.The EuroMillions winner won her fortune on a €2 Quickpick ticket and already has several other interests in the commercial property scene. Her company Blue Haven, which is run by her son, Gary, recently purchased a smaller business park complex, Newtown Centre, in Annacotty, Co Limerick. That was purchased for just over €2m. The two-storey commercial development earns a rent roll of €250,000.Had McNamara been able to seal the deal for the Childers Road Retail Park, the annual rent would have been €3.22m, with the prospects of rent increases every five years.Other big Irish lottery winners include a couple who scooped €7.384m playing the Irish Lotto. Other big purchases by the EuroMillions jackpot winner have included a 16-bedroom Victorian mansion on the shores of Lough Derg, for €3.5m in 2012. That time she did win a battle fighting off the interest of bidders from across Europe. The former cleaner has also purchased properties for her children in the mid-west of Ireland. In England, £13.5m UK Lotto winner Peter Congdon purchased a home for his daughter.Ms McNamara also has a holiday home in Turkey. Another Irish player, Greg Smyth, bought a luxury house after his Irish Lottery win, while £108m EuroMillions winner Neil Trotter bought a mansion with its own lake.Before her EuroMillions win, the mum-of-six lived in a bungalow in Garryowen. That’s currently available to rent for €1,000 a month.Get a chance of becoming next winner and purchase your lottery tickets online at Lottery24.com.