KKR considers move to Dublin if the UK leaves the EU

Migration of financial companies from London to Dublin is one of the possible positives for Ireland if the 'leave' side wins

IBEC, Brexit, Ireland, benefits, upside, currency, trade, EU, referendum, Danny McCoy

The British Union Jack flies alongside the Irish Tricolour in front of Government Buildings. Image: RollingNews.ie

As the Brexit Debate enters its final six weeks, a key executive at the New York private equity firm, KKR, said the firm would respond to a vote for Britain’s EU exit by moving some of its London offices to Dublin, Paris, or Luxembourg.

In an interview with The New York Times, KKR’s European Head, Johannes Huth said his firm wouldn’t conclude any deal in the UK prior to the referendum because of the uncertainty involved.

The German citizen who is based in London, Mr Huth also suggested that the voting age in the referendum should be restricted because older British citizens would be driven by an emotional and nostalgic longing for the past but would not have to live with the consequences.

Recent polls have found that only 36% of voters who are aged over 65 support the UK staying in the EU.

KKR has partnered with the Irish Strategic Investment Fund here through a fund called Activate Capital to finance the building of new houses.

In response to a parliamentary question, Minister for Finance Michael Noonan revealed the €500m fund has lent money for the construction of 800 new homes since its establishment last year.