A famous Euromillions lottery winner by the name of Dolores McNamara has tried her best to secure her ownership over the Childers Road Retail Park in Limerick but has unfortunately lost the opportunity to wealthier commercial giants.
Dolores set out to do what most euro lotto online winners should do for their winnings. She wanted to invest in property to make sure her capital could grow. Dolores was the winner of a whopping €115 million jackpot in a 2005 Euromillions draw. The company which she lost the property to was Irish Life, the largest commercial property owner in Ireland. The company has bigger assets to throw around than the mum-of-six from Limerick had. Irish Life’s assets total about €2.5 billion.
Dolores and the company were at a bidding war for the property when it was last week that the rival company made an offer above the €44 million guide price set by the managers of the estate. Dolores’s dreams of landing the estate were dashed by the property giant. That’s unfortunate for Dolores, but that doesn’t mean that she can’t take her business elsewhere and still invest in something very lucrative.
Euromillions winner Adrian Bayford also invested in the property by buying up several houses in Essex. Dolores won her Euromillions fortune after she bought a lucky €2 Quick Pick ticket. Dolores isn’t disheartened by this loss, though. She already has her eye on several other opportunities.
Dolores’s company, Blue Haven, is run by her son Gary. Blue Haven recently bought a smaller business park complex called Newtown Centre in Limerick. Dolores purchased that for over €2 million. This complex earns her a rent of €250,000.
Had Dolores been able to seal the deal for this commercial park, her annual rent accumulated by the property would have been €3.2 million with the prospects of rent increases every five years.
Dolores also owns a holiday house in Turkey. Before her Euromillions win came along in 2005, the mother-of-six lived in a bungalow in Garryowen. That bungalow is currently up for rent to the tune of €1,000 a month.
The smart thing to do with your Euromillions winnings is to invest them well so that they can grow and yield you even greater wealth in the future. Always consult with a financial advisor after a lotto win online.
Best of luck in your upcoming draws.
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