SPARE a thought for Foxrock businessman Adrian Blanc, who has just been whacked by vulture fund Launceston to the tune of €2.3m. Blanc (also known as Adrian Le Blanc) and his wife Lucille Blanc have had a rough ride in recent times after gambling heavily on property.
Launceston has registered several judgment mortgages against houses and apartments in Dublin, Meath and Laois purchased by Blanc. His posh gaff on Brighton Avenue has also had two judgment mortgages registered by Launceston since last year and one by the taxman in 2016.
In 2008, he and Lucille were also sued in the High Court by Logancourt Ltd, a property vehicle controlled by solicitor Paul Hanby and Derek Drumm, brother of jailed Anglo Irish chief executive David Drumm. That company collapsed into receivership and liquidation shortly after and the case has been dormant since then.
These days Blanc is a director and shareholder in property investment brokerage New Equity Release Ltd, where he is joined on the board by the likes of James and Peter Wyse, of Wyse Property Management. Blanc was also on the board of the Tiger Trust – a charity set up by fellow Foxrock resident and Nama developer David Agar — until last year when the company was voluntarily struck off the companies register.