The health coach and the docklands property: A post-crash ownership tale via IrishTimesBiz
‘I never remember being held or told I was loved’: Readers share their stories of narcissistic parentsThe 0.89 property was eventually sold for €6 million to a company called EWR Innovation Park but not before a ministerial order was signed to lift IDA covenants that restricted how it was used.
However, Mr McHugh later transferred half his EWR shares to Ms Ward. Known also as Hilary Dowling, she and Christy Dowling have the same address at Kilteel, Naas, Co Kildare. The EWR Innovation Park share transfer in November 2021, set out in Companies Office records, was a significant event. Not only had a judge delivered a fatal blow to company’s main project six months previously but when Hilary Ward received half the shares, EWR owed €9.36 million in debt.
Ms Ward ended a phone call within seconds when contacted on her mobile that same day and she did not respond to questions sent by email and text. “I have nothing to say. I’m not going to be rude now. I’m going to hang up.” Before the 2008 recession, the trust borrowed €3.6 million from Bank of Scotland with the aim of investing in the property. However, dire trading after the crash meant it could not make repayments. “Tenants started to drop off,” said Bolton Trust chairman Richard Heywood-Jones, a retired lecturer.
“In August 2016, we agreed to sell Docklands Innovation Park as a going concern to a private investor Mr Edward McHugh, EWR Innovation Ltd for €6 million. We had a lower offer earlier in 2016,” said a report to the trust’s 2017 annual meeting. “You say off market. As far as we were concerned this fellow came in from the market,” said Heywood-Jones, who at the time was a board member but not chairman.
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