Displaying items by tag: Tetrarch Capital

21st August 2019

Ireland’s Eye Snapped Up By Investment Group

Ireland’s Eye just off Howth in North Co Dublin

Howth’s iconic Ireland’s Eye has been purchased by investment group Tetrarch Capital, TheJournal.ie comfirms.

The island — which is an important breeding spot for many seabirds — was included in the recent sale of Howth Castle and demesne by the Gaisford-St Lawrence family, whose ancestors held the lands since the 12th century Norman invasion.

The new owners say visitors are still “very welcome to the island” and boat trips will continue to be offered by local operators.

“It is our intention to work closely with key stakeholders to preserve the beauty, amenity and accessibility of Ireland’s Eye,” a spokesperson for Tetrarch Capital said.

Tetrarch Capital’s portfolio includes Kilkenny’s Mount Juliet Estate, hotels at Citywest and Powerscourt, and a number of development sites in Dublin city centre.

Published in Island News

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About the Loughs Agency

The Loughs Agency is a governmental body established under the 1998 Agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of Ireland. The Agency's goal is to provide sustainable social, economic, and environmental benefits by effectively conserving, managing, promoting, and developing the fisheries and marine resources of the Foyle and Carlingford areas.

The Agency's governing legislation confers several specific functions, including the promotion of development of Lough Foyle and Carlingford Lough for commercial and recreational purposes in respect of marine, fishery, and aquaculture matters. Moreover, the Agency is responsible for managing, conserving, protecting, improving, and developing the inland fisheries of the Foyle and Carlingford areas. Additionally, the Agency has the task of developing and licensing aquaculture, as well as the development of marine tourism.

The Loughs Agency reports to the North South Ministerial Council and its government Sponsor Departments, the Department of Agriculture, Environment and Rural Affairs (DAERA) in Northern Ireland, and the Department of the Environment, Climate, and Communications (DECC) in Ireland. The Departments fund the Agency on an equal basis.

The Loughs Agency's focus on sustainable development is expected to have a positive impact on the economy, environment, and local communities in the Foyle and Carlingford areas. The Agency's efforts to conserve and enhance the region's marine resources, including fisheries and aquaculture, are expected to benefit local communities, promote tourism, and contribute to economic growth.

In conclusion, the Loughs Agency plays a vital role in promoting the sustainable social, economic, and environmental development of the Foyle and Carlingford areas. Its work on marine conservation and development is crucial in ensuring the long-term viability of the region's natural resources and in promoting sustainable economic growth.