Pow­er­scourt reaps €7.3m from land sale

Irish Independent - Business Week - - FRONT PAGE - John Mul­li­gan

THE com­pany be­hind the Pow­er­scourt es­tate in Co Wick­low, that’s owned by the Slazenger fam­ily, made a €7.3m gain on the dis­posal of de­vel­op­ment land last year, new ac­counts for the firm show.

Agri­cul­tural land prices in Co Wick­low rose 17pc last year. The Guin­ness an­ces­tral home at Lug­gala was most high-pro­file prop­erty for sale in the county in 2017, with a €28m price tag for the 18th-cen­tury house and 5,000-acre es­tate.

Pow­er­scourt, to the north of that prop­erty, is home to the Pow­er­scourt Gar­dens, which ex­tend over 47 acres. The en­tire es­tate at En­niskerry ex­tends to about 1,000 acres. That in­cludes the main Pow­er­scourt es­tate and its fa­mous water­fall, as well as two golf cour­ses, a gar­den cen­tre as well as a dis­tillery. There’s a sep­a­rately-run, five-star ho­tel on the es­tate, the Ritz-Carl­ton.

Ac­counts for Pow­er­scourt Es­tates show that ex­clud­ing the gain from the prop­erty sale, it made a €3.2m pre-tax profit last year.

Wind­fall:The Pow­er­scourt Es­tate has about 500,000 vis­i­tors a year

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