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Displaying items by tag: Lapetus Investments

More details have emerged of new plans for a technology hub at the site of the former Stena ferry terminal in Dun Laoghaire.

Lapetus Investments Ltd, trading as Quarterdeck Innovation, envisions a “co-working innovation space” within the St Michael’s Pier terminal building in Dun Laoghaire Harbour.

It intends “to create a technology hub whereby small and medium-size businesses can collaborate in a community-based environment that promotes and fosters entrepreneurship, through a spirit of innovation and creativity”.

The project team is led by accountant Hilary Haydon, a past president of Dun Laoghaire-Rathdown Chamber of Commerce and DLR Local Enterprise Office evaluation committee member.

And it’s hoped the scheme could create more than 650 jobs after five years in the south Dublin port town — which will pique the interest of the waterfront yacht clubs among many other local stakeholders.

Ferry terminal plazaFrom Ferry terminal to state-of-the-art innovation campus - plans are in place to transform the old building Photo: Afloat

Key benefits touted by Quarterdeck Innovation include generating value of €10 million to Dun Laoghaire-Rathdown County Council over its first 10 years, as well as a local spend of €5 million annually.

And the project emphasises integration with its location, positioning the hub as particularly attractive for marine technology and research.

Lapetus/Quarterdeck intends to repurpose the building’s interior as a “state-of-the-art innovation campus” proposing “sensational sea views from almost every desk”.

In addition, its ground floor level would be a ‘Food Hall’ acting as a common area for co-workers to relax away from their desks, and which would also be open to the public as “an opportunity for strong local community interaction”.

The project partners have also pledged to “assist and collaborate closely” with the feasibility study team for the National Watersports Campus being proposed for Carlisle Pier to help “improve the harbour’s infrastructure resulting in improved access, job creation and strong tourism potential”.

Proposals to develop the former Stena ferry terminal were first made in 2017 but later scrapped over licensing issues.

Much more recently, the site has been suggested by a local senator as a base for a Covid-19 testing centre amid the current coronavirus pandemic.

Dun Laoghaire Harbour is on the verge of an investment and development boom — but the unknown provenance of one investor in a key waterfront asset gives pause for thought, writes local resident Paddy Shanahan.

Lapetus Investments Ltd has submitted a planning application to take control of the former Stena ferry terminal by way of a 15-year lease which Dun Laoghaire-Rathdown County Council will be voting either for or against on Monday (10 February).

The investor has also applied to change the ground floor restaurant, in plans for a mixed-use co-working space agreed last year, to a food court — a move backed by at least one local stakeholder.

Readers will be aware that several hundred different stakeholders have agitated for Dun Laoghaire Harbour to be developed as a marine sports campus. And the Council Executive have recently agreed that a marine sports campus is the future for Dun Laoghaire Harbour.

Opening the harbour to the general public paves the way to regeneration of the town centre and an investment thesis that will open up many opportunities bringing in many investors.

Less than two weeks ago, €400,000 was secured from the Government for a feasibility study on the marine campus project; the follow-on investment would be many millions and a boon to Dun Laoghaire.

The terminal building is the jewel in the crown and will be at the centre of proposed marine sports-related initiatives and/or businesses.

However, Lapetus Investments are unknown, and provide no information about themselves only that they wish to build an innovation hub. That should be unacceptable to elected councillors.

The terminal building is the jewel in the crown, and will be at the centre of proposed marine sports-related initiatives and/or businesses

Any development in the harbour and its historical and protected assets should require full disclosure and prior discussion. Anything less is a disservice.

Extremely worrying, and a major red flag, is their application to remove condition number two of the previously granted planning permission, which was placed to ensure the development remains compatible with the Dun Laoghaire-Rathdown County Development Plan 2016-2022.

From the DLRCoCo documentation, the condition states: “This permission shall be for a period of 10 years from the date of the final grant of permission. Four years from the final decision date, the Applicant shall submit a full review/monitoring report, together with floor plans, in respect of the permitted use detailing the overall use and corresponding floor area, demonstrating that the development remains consistent with the particulars of this permission.

“At the end of the 10-year period, the use of the building shall cease unless, permission for its continuance and/or change of use (as required) has been granted by the Planning Authority or An Bord Pleanála on appeal.”

A technology hub is worthy of serious consideration. However, under the terms of their application they wish approval for, Lapetus could use the proposed tech hub as a Trojan horse for other development which goes against all principles of what we, the council and many others are fighting for.

Their application precedes the grant of the feasibility study funds. As such, any vote needs to take place only after the feasibility study is complete and more is known about Lapetus.

Any councillor who votes for granting this lease will be doing so against the wishes of a great many residents of Dun Laoghaire-Rathdown.

All stakeholders in the harbour should remain vigilant on this issue, and I urge all who would agree to pass their concern on to DLRCoCo councillors and urge them to vote against the application until all the facts are clear and the study is complete.

Marine Protected Areas (MPAs) - FAQS

Marine protected areas (MPAs) are geographically defined maritime areas where human activities are managed to protect important natural or cultural resources. In addition to conserving marine species and habitats, MPAs can support maritime economic activity and reduce the effects of climate change and ocean acidification.

MPAs can be found across a range of marine habitats, from the open ocean to coastal areas, intertidal zones, bays and estuaries. Marine protected areas are defined areas where human activities are managed to protect important natural or cultural resources.

The world's first MPA is said to have been the Fort Jefferson National Monument in Florida, North America, which covered 18,850 hectares of sea and 35 hectares of coastal land. This location was designated in 1935, but the main drive for MPAs came much later. The current global movement can be traced to the first World Congress on National Parks in 1962, and initiation in 1976 of a process to deliver exclusive rights to sovereign states over waters up to 200 nautical miles out then began to provide new focus

The Rio ‘Earth Summit’ on climate change in 1992 saw a global MPA area target of 10% by the 2010 deadline. When this was not met, an “Aichi target 11” was set requiring 10% coverage by 2020. There has been repeated efforts since then to tighten up MPA requirements.

Marae Moana is a multiple-use marine protected area created on July 13th 2017 by the government of the Cook islands in the south Pacific, north- east of New Zealand. The area extends across over 1.9 million square kilometres. However, In September 2019, Jacqueline Evans, a prominent marine biologist and Goldman environmental award winner who was openly critical of the government's plans for seabed mining, was replaced as director of the park by the Cook Islands prime minister’s office. The move attracted local media criticism, as Evans was responsible for developing the Marae Moana policy and the Marae Moana Act, She had worked on raising funding for the park, expanding policy and regulations and developing a plan that designates permitted areas for industrial activities.

Criteria for identifying and selecting MPAs depends on the overall objective or direction of the programme identified by the coastal state. For example, if the objective is to safeguard ecological habitats, the criteria will emphasise habitat diversity and the unique nature of the particular area.

Permanence of MPAs can vary internationally. Some are established under legislative action or under a different regulatory mechanism to exist permanently into the future. Others are intended to last only a few months or years.

Yes, Ireland has MPA cover in about 2.13 per cent of our waters. Although much of Ireland’s marine environment is regarded as in “generally good condition”, according to an expert group report for Government published in January 2021, it says that biodiversity loss and ecosystem degradation are of “wide concern due to increasing pressures such as overexploitation, habitat loss, pollution, and climate change”.

The Government has set a target of 30 per cent MPA coverage by 2030, and moves are already being made in that direction. However, environmentalists are dubious, pointing out that a previous target of ten per cent by 2020 was not met.

Conservation and sustainable management of the marine environment has been mandated by a number of international agreements and legal obligations, as an expert group report to government has pointed out. There are specific requirements for area-based protection in the EU Marine Strategy Framework Directive (MSFD), the OSPAR Convention, the UN Convention on Biological Diversity and the UN Sustainable Development Goals. 

Yes, the Marine Strategy Framework directive (2008/56/EC) required member states to put measures in place to achieve or maintain good environmental status in their waters by 2020. Under the directive a coherent and representative network of MPAs had to be created by 2016.

Ireland was about halfway up the EU table in designating protected areas under existing habitats and bird directives in a comparison published by the European Commission in 2009. However, the Fair Seas campaign, an environmental coalition formed in 2022, points out that Ireland is “lagging behind “ even our closest neighbours, such as Scotland which has 37 per cent. The Fair Seas campaign wants at least 10 per cent of Irish waters to be designated as “fully protected” by 2025, and “at least” 30 per cent by 2030.

Nearly a quarter of Britain’s territorial waters are covered by MPAs, set up to protect vital ecosystems and species. However, a conservation NGO, Oceana, said that analysis of fishing vessel tracking data published in The Guardian in October 2020 found that more than 97% of British MPAs created to safeguard ocean habitats, are being dredged and bottom trawled. 

There’s the rub. Currently, there is no definition of an MPA in Irish law, and environment protections under the Wildlife Acts only apply to the foreshore.

Current protection in marine areas beyond 12 nautical miles is limited to measures taken under the EU Birds and Habitats Directives or the OSPAR Convention. This means that habitats and species that are not listed in the EU Directives, but which may be locally, nationally or internationally important, cannot currently be afforded the necessary protection

Yes. In late March 2022, Minister for Housing Darragh O’Brien said that the Government had begun developing “stand-alone legislation” to enable identification, designation and management of MPAs to meet Ireland’s national and international commitments.

Yes. Environmental groups are not happy, as they have pointed out that legislation on marine planning took precedence over legislation on MPAs, due to the push to develop offshore renewable energy.

No, but some activities may be banned or restricted. Extraction is the main activity affected as in oil and gas activities; mining; dumping; and bottom trawling

The Government’s expert group report noted that MPA designations are likely to have the greatest influence on the “capture fisheries, marine tourism and aquaculture sectors”. It said research suggests that the net impacts on fisheries could ultimately be either positive or negative and will depend on the type of fishery involved and a wide array of other factors.

The same report noted that marine tourism and recreation sector can substantially benefit from MPA designation. However, it said that the “magnitude of the benefits” will depend to a large extent on the location of the MPA sites within the network and the management measures put in place.

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