Fergal Naughton buys Dermot Desmond’s €9m Merrion Square town house

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Fergal Naughton buys Dermot Desmond’s €9m Merrion Square town house
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Glen Dimplex chairman’s Howth home on market for €8.75m after €1.25m price cut

Fergal Naughton was founding president of the British Irish Chamber of Commerce. File photograph: David Sleator/The Irish TimesChairman of Glen Dimplex Fergal Naughton has emerged as the buyer of Dermot Desmond’s €9 million Merrion Square townhouse. Mr Naughton, a founding president of the British Irish Chamber of Commerce, has been living in Howth, Co Dublin, but Drumleck House, his clifftop home, is for sale with an €8.75 million asking price.

Mr Desmond, a billionaire who is the largest shareholder in Celtic Football Club, owns several properties around the world. He recently finished a lavish refurbishment of Walford on Shrewsbury Road, once the most expensive house in the country when property developer Sean Dunne paid €57.9 million for it in 2005.Mr Desmond bought the Victorian house in rundown condition for €14.

The restoration of his Merrion Square home, formerly owned by fashion designer Sybil Connolly, was not as straightforward. Dublin City Council and An Bord Pleanála refused Mr Desmond planning permission for a dumb waiter, a device used at one time to transport food and drink from the cellar kitchens to reception rooms upstairs using a system of levers and pulleys.

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