Thursday 21 September 2017

Ryanair founder beefs up his security at home

Aviation entrepreneur Declan Ryan is to build a guard lodge at his Wicklow home after a recent spate of robberies

TAKE OFF: Ryanair founder Declan Ryan is concerned about domestic safety, following a number of robberies and security breaches at his house
TAKE OFF: Ryanair founder Declan Ryan is concerned about domestic safety, following a number of robberies and security breaches at his house

JANE SUITER

RYANAIR founder and shareholder in Asian low-cost airline Tiger Airways Declan Ryan has been granted permission to build a security lodge at his home on Cookstown Road in Enniskerry, Co Wicklow.

Having seen Ryanair's Asian equivalent raise €120m in a share issue on the Singapore stock market, Mr Ryan -- who also owns a chunk of shares in Ryanair and chairs a philanthropic foundation -- is concerned about safety following a number of robberies and security breaches at his property, according to planning documents.

Following advice from two security companies, he is building a four-room security lodge, which will be located in a corner of the land surrounding his house.

The planners noted it will be "a curious addition" to the landscape and the description suggests it will be a mini watchtower, raised on wooden posts rather than requiring foundations to be built.

Two security personnel, fuelled by hot drinks and snacks from a tea station, will do the rounds and keep guard using 16 surveillance cameras.

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Although sterling has weakened significantly since 2007, prices of some country pads in West Cork, a traditional haven for British buyers, appear to have dropped enough to compensate.

The buyer of Rushanes, in Glandore, paid around €1m for the six-bedder on six acres, according to Skibbereen agent Charles McCarthy. Back in 2007, the same property was on the market for €2.5m -- a 60 per cent drop in value.

Among an array of properties for sale in this fashionable part of the country is Saimin So, a €1.5m guesthouse in Glengarriff that comes with a luxury villa and stunning views over Bantry Bay.

Anyone who wants to build a dream home on an island in Bantry Bay would need €800,000 for a two-storey des-res needing restoration on Widdy Island, on 80 acres.

Complete with a castle ruin dating back to the First World War, there's also a landing strip built by US forces -- ideal for a tycoon who can still afford a private plane.

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Neighbours of 126 The Sweepstakes in Ballsbridge, which is on the market for €795,000, include DJ and socialite Ivan Cafolla and food website entrepreneur Niall Harbison.

Number 126 is one of the few larger apartments in the development, according to agents Gunne.

It features a large sun terrace as well as sitting/dining room, sit-in kitchen, two double bedrooms, master ensuite, family bathroom, utility room, guest toilet and walk-in storeroom.

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Alan Barry and Tom Dowling, the founders of failed property investment firm First Equity Group, are among the directors of a firm that is waging a battle for permission to build 80 apartments in Tullamore, Co Offaly.

Offaly County Council planners refused permission to Danum Developments last November and said 'no' again last month.

It's a long way from the heady days when First Equity worked on €3bn of development projects. That all ended in tears when the group went bust last year -- most of all for the hundreds of investors who lost tens of millions of euros in the failed venture.

Sunday Independent

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