Ark­low high­flyer in Aer Lin­gus bid

Bray People - - Bray People - Deborah COLE­MAN

ARK­LOW NA­TIVE and mul­ti­mil­lion­aire busi­ness­man Stu­art Pear­son has this week con­firmed that his com­pany is in the early stages of ne­go­ti­a­tions with Aer Lin­gus in a bid to se­cure a size­able stake in the com­pany.

Mr. Pear­son (24) said that al­though dis­cus­sions are at a very early stage and that noth­ing has been agreed it is some­thing his com­pany Pear­son Prop­erty and Ac­qui­si­tions is se­ri­ously looking into.

It is not yet known how large a stake Mr. Pear­son is in­ter­ested in buy­ing but re­ports sug­gest it will be enough to rule out any takeover bid that Ryanair has in mind.

Hav­ing in­her­ited a sub­stan­tial fig­ure in re­cent years Mr. Pear­son, a qual­i­fied ac­coun­tant set up his com­pany in Dublin and within a short pe­riod be­came very suc­cess­ful due to a num­ber of lu­cra­tive prop­erty deals.

In re­cent months it was re­ported that Pear­son Prop­erty and Ac­qui­si­tions showed a se­ri­ous in­ter­est in tak­ing over ail­ing build­ing com­pany Tag­gart Hold­ings which went into re­ceiver­ship re­cently with an es­ti­mated €150m owed to the banks.

A na­tive of the Tem­plerainey area, Mr. Pear­son left the town over ten years ago and qual­i­fied as an ac­coun­tant in Port­laoise.

Still a reg­u­lar vis­i­tor to the town he says he is very fond of the area and still has many friends there.

His al­most weekly vis­its, may have opened up the area to him as a vi­able lo­ca­tion for in­vest­ment as he con­firmed that his com­pany is in the plan­ning stages of de­vel­op­ing a re­tire­ment vil­lage on the Wick­low side of Ark­low not too far from the rugby grounds.

It is un­der­stood that if ap­proved, the state of the art com­plex will in­clude a med­i­cal unit and in­de­pen­dent shel­tered hous­ing.

Also in the works for Mr. Pear­son is the es­tab­lish­ment of a new in­sur­ance com­pany also planned for 2009.

Speak­ing to the Wick­low Peo­ple Mr. Pear­son said that Ark­low is still a very spe­cial place to him de­spite the fact that he has not lived in town for many years.

‘I am very fond of Ark­low es­pe­cially hav­ing grown up here. It has seen many changes in re­cent years. An is­sue that needs to be ad­dressed is whether or not the coun­cils are do­ing enough for the traders. There is plenty hap­pen­ing in the town, how­ever, and peo­ple are try­ing their best to keep their busi

nesses go­ing.’

Busi­ness­man Stu­art Pear­son in Ark­low on Sun­day.

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