Previously, his Lesley Tower was sold for 8.6m, while his Lesley Exchange buildings were sold for 2.3m and 3m each. 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Registered in England No. Founded in 1985, Lagan Homes is the premier house-builder in the Greater Belfast region, selling more than 350 quality homes annually. And because he was from Derry, we agreed to call him Declan! he added. Working as master aboard offshore tugs, supply ships and research vessels, mostly in Latin America (Spanish speaker) Kevin increasingly specialized in the formal training of Latin crew and sailing ships to US shipyards for refit and US Coast Guard Certificate of Inspection. The reality TV personality, 39, braved the chilly . 22 Geoffrey Elliott 88m (Pharmaceuticals). 6 Tom Eakin and family 305m (Medical Devices). Lagan Homes and FastHouse were retained by the Lagan family. Based in Belfast, Lagan Investments adopts a flexible approach to investment opportunities across a variety of sectors within the UK and Ireland. The 20-acre Yacht Haven Park & Marina in Fort Lauderdale is poised for a makeover and additional storage after selling for $58.1 million, with the buyers scoring an $81.7 million purchase and renovation loan. Kevin (68) joined the Lagan family business in the early 1960s. Newport, RI, USA 02840, Sitemap | Privacy Policy | Terms & Conditions, Non-U.S. Flagged Vessels Not Available For Sale or Charter to U.S. Pre-tax profits were 1.5m in 2017, down from 10.7m in 2016. Pat Ward, Breedons group chief executive, added: Lagan represents a unique opportunity to enter a growing market with immediate scale and excellent opportunities for expansion. Newport, RI, USA 02840, Sitemap | Privacy Policy | Terms & Conditions, Non-U.S. Flagged Vessels Not Available For Sale or Charter to U.S. Euromillions jackpot winners Frances and Patrick Connolly are the new entries in the Northern Ireland top 30 Rich List. Get the day's headlines delivered directly to your inbox. He later went on to win $269m in damages from Disney in a US court ruling following a six-year battle over unpaid royalties. Outspoken Brexit supporter and Campbell College, Belfast-educated Tim Martin (63) owns 31% of listed UK pub chain Wetherspoon, which he founded in 1979. But the sale, announced today, of Kevin's Lagan Group for 526 million in cash is likely to propel him further up the wealth table. But a feud between the brothers threatened the future of the Lagan Group and subsequently led to the business being split up in 2008, with both working together on areas of mutual interest. Building on this in-house expertise, Lagan Homes expanded further into the Republic of Ireland in early 2019. There were then further unsuccessful negotiations before Michael filed the petition as what he described as "a last resort". 30 William Wright and family 61m (Transport). Moran Yacht & Ship. Lagan is well-run, well-invested, with an experienced management team and a strong track record. 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Belfast-headquartered firm says net assets now close to 50m, including 28m cash pile, Hennerty is credited with helping Kerrygold exceed 1bn in annual sales, The winner of The Irish Times Business Person of the Year Award, in association with KPMG, will be announced in early September, Irish Times Business Awards, in association with KPMG, will be held in September as a virtual event, Awards ceremony originally due to be held on May 13th to take place at Mansion House, Business Person of the Year and other category winners to be announced at May event, Timeline of events: Attacks on former Quinn Group businesses and managers began in 2011, His newest venture FastHouse agrees deal for 200 homes in Dublin, Business will provide synergies with Lagans FastHouse rapid build operation, Kevin Lagan-founded fund will also provide peer-to-peer start-up with 5m in capital, Offsite construction company FastHouse will build 202 homes under Dublin contracts, Lagan Airport Maintenance in joint venture due to begin work in May, Business Week: also in the news were mortgage lending rules, tracker fines and Facebooks pay, Rapid-build specialist backed by businessman Kevin Lagans 20m investment, Business Today: the best news, analysis and comment from The Irish Times business desk, Lagan Investments being funded from 527m sale of construction supply firm, Belfast born Lagan built up family business but will hold on to housebuilding arm, Profits from joint ventures increase 15-fold for Belfast-based Lagan brothers, Debt at the centre of the winding up petition relates to a judgment against firm over pyrite used in a building in Ballymun in Dublin, Commercial court refuses application to fast-track wind-up petition on Irish Asphalt, Move part of dispute between JEC and Irish Asphalt over material with excessive pyrite, Peter Murtagh on the threads that link rival US funds, Northern politicians, legal firms and middlemen to the property sell-off that cost the State hundreds of millions, Money discovered by Belfast law firm was apparently fees from US firm Cerberus, Irish Asphalt, Lagan Holdings and three Lagan directors want claims struck out, Vehicles set alight and threats sent to executives linked with Aventas Group, Company says no business can operate when threats put workers and directors at risk, Construction firm alleges deceit by Irish Asphalt over quality of infill material, Crosswords & puzzles to keep you challenged and entertained, Explore how the historic deal helped bring about peace in Northern Ireland, Inquests into the nightclub fire that led to the deaths of 48 people, A project examining attitudes about the future of Ireland, Weddings, Births, Deaths and other family notices, Lagan Homes double profits to almost 7.5m as sales rise 23%, Ornuas Risn Hennerty named Irish Times Business Person of the Year, The first seven winners of Business Person of the Month, Nominees announced for third Irish Times Business Awards, Irish Times business awards to be hosted in early September, The Irish Times launches third annual business awards, Campaign of terror: 70 acts of vandalism and violence on Quinn Group firms, The Irish Times Business Person of the Month: Kevin Lagan, Kevin Lagan acquires majority stake in UK timber frame manufacturer, Lagan Investments takes 10% stake in Property Bridges, Derry group to deliver three rapid-build projects for Dublin, Knock airport appoints contractors for 11.2m runway overlay, Brexiteers round on Bank of Englands Project Fear analysis, Fasthouse hopes to build 1,500 homes in areas with housing shortages. Sellers Yacht Haven Park & Marina and Azurite, managed by Barry Yampol of Fort Lauderdale, had purchased the property in two deals, paying $4.6 million for the bigger portion in 1986 and $225,000 for the remainder in 1992, property records show. Businessman and boat owner Kevin Lagan said: We were just happy to be able to offer Declan a lift back to Ireland. Lagan Homes, one of the largest house-builders in Northern Ireland, with a long-standing reputation for delivering quality homes, has plans to develop its markets in Ireland and Britain, where it has established a strong regional presence. The couple plan to spread the wealth around and have drawn up a list of 50 people with whom they plan to share their good fortune. Kevin Lagan-founded fund will also provide peer-to-peer start-up with 5m in capital. Will there be an upsurge of yacht building in China? He and his wife's high-end property development firm, Chardan Development Group, which primarily focused on developments along the Australian Sunshine Coast near Brisbane, has also prospered. The bullet was in a cigar box on which was pasted the words, Quinn . Top $76,000-a-year New Jersey boarding school admits 'more should have been done' to stop bullying of boy, 17, who took his own life after being falsely accused of rape by cruel peers Lidia Dinkova. He added: We are all absolutely delighted.. The 67-year-old announced plans to invest 50m into three centres of excellence across Northern Ireland, each tasked with developing technologies to diagnose heart conditions, cancer and infectious diseases. Please fill out the form below to contact this member of the team. He's banked dividends of over 13m over the past three years. Despite sustaining serious injuries to one of his wings, determined Declan managed to fend off the midair attack by doing an amazing 433-mile detour out over the Atlantic! That could have lead to the group being broken up and its trading companies sold. After numerous charters, deliveries . Scott Disick was on dad duty on Sunday, as he stepped out with his daughter Penelope and niece North West in New York, ahead of Monday's Met Gala. Born in Greenwich, Connecticut on June 9th 1955, sailing was his lifelong passion and in 1978 he joined the prestigious Sparkman & Stephens . After a protracted battle with the billionaire Barclay brothers, he sold a 36% stake in three of London's most expensive hotels to the Qatari royal family, but continues to receive a 5m-a-year fee for helping to manage them. The sale of a huge chunk of the building materials and construction empire, the Lagan Group of Belfast left to brothers Kevin (67) and Michael (61) having been established in the 1960s by their father Peter has been a major boost to Kevins finances. Among Kevins many notable successes are the sale of the 164 Westport (50M) LADY KATHRYN IV, 192 (58.5 m) Lurssen CAPRI, 223 (68M) Lurssen KISMET, 200 (61M) Lurssen LADY KATHRYN V, 198 (60M) Lurssen SOLEMATES, and the 288 (88M) Lurssen QUATROELLE. Ballymena-born actor Liam Neeson (66) has had a busy year as he continues his career beyond the smash hit Taken trilogy. At the age of 21, this North East English native took the chance and jumped at the chance to sail (oh so green) aboard a sailing schooner bound from Spain to the West Indies and onwards to the US. The company reported a 10.8m loss in 2017 due to "exceptional costs" but managed to grow its revenues to 85.4m. Sale of the Lagan Group, announced today, may mark a significant departure for Kevin and his family, but not a complete exit; Kevin and his family are to keep Lagan Homes, one of the largest housebuilders in Northern Ireland, with turnover of some 76 million in 2017. The judge said there was then a "trading of punch and counter-punch" when more allegations were made. Bill Langan. The easygoing Co Down couples life-changing 115million win sees them enter the annual list in 16th position, just behind golfing superstar Rory McIlroy (158m) and Ballymena-born Hollywood A-lister Liam Neeson (117m). Le Panorama, 57 rue Grimaldi, Residents while in U.S. waters, Sales & Construction | Ft Lauderdale Yacht Brokerage. Since then, the couple have set up the Planet Wheeler foundation in 2008 to tackle poverty in Southeast Asia, East and West Africa, Nepal and Afghanistan. ", Russia launches pre-dawn missile attack on Ukraine, Chaos at port as thousands rush to leave Sudan. On the day of his wifes death, Kevin Lagan received a letter warning that, if the sale went ahead, the buyers would not live to see the benefits of the sale. Sep 2012 - Present10 years 8 months. West Belfast native Paddy McKillen (63) got into the property game in the 1980s after leaving school at 16 to work in his family's exhaust repair business. The secret mine that hid the Nazis' stolen treasure. . He said the act of filing a winding-up petition had, at that time, put the company in technical default of bank loans and PFI contracts. O'Doherty, who graduated in engineering from Queen's University Belfast, chairs Derry City FC and financially supports the club. The Comber-based firm bought a Welsh company, Pelican Healthcare, in 2007 and the group, which has a parent firm in the Isle of Man, exports to more than 30 countries. 10 Philip O'Doherty 173m (Manufacturing). Lonely Planet founders Wheeler and her husband Tony wrote about their experiences travelling from Britain to Asia in a campervan in 1973 and then developed the format by bringing in amateur writers to help cover the globe. Herbert was last year reportedly selling off an east Belfast luxury apartment development site and its plans for close to 4m. John (70) and his son Darren (47) both still sit on the board of Antrim-based Retlan Group. Sales and profits were slightly down in the (most recent) 2017 accounts of 70-year-old Harold Montgomery's Newtownabbey haulage firm, Ballyvesey. Mr Ward says Jude Lagan, Terry Lagan & Mark Kelly will be staying with the business. He said the attempt to have the business wound-up was taken as a last resort after Kevin failed to make "a fair and reasonable offer" to buy his 42.5% share of the business. But the sale, announced. The family sold the group to its main rival, Wiggle, in 2016 as part of a merger deal. Kevin has 1 job listed on their profile. Once Kevin and his friends heard Declans story, they agreed to return the pigeon to his owner in Ireland, he said. Breedon has an established relationship with Lagan Group, having operated a successful joint venture with its Whitemountain business in Scotland. Newry's Brian Conlon (52) owns 33.9% of AIM-listed financial services group First Derivatives. Michael (62) and one of his sons continue to run Belfast's Lagan Construction, a civil engineering business that emerged out of a nine-year court battle fought over the Lagan family business empire. 1300 SE 17th Street, Ste. Holywood, Co Down native Rory McIlroy (29) may have gone another year without a Major win on the golf course in 2018, but that hasn't prevented his financial success. Skipper Kevin Lagan and his friends were on a trip to the Hebrides when they heard of the birds plight. There was good news for the Co Antrim family business Wrightbus - of which William Wright (93) is the chairman - when it won orders for more than 200 buses from customers in Hong Kong last year. Fleet Manager - DPA/CSO. Our innovative products are manufactured using modern methods of construction at our state of the art facility in Limavady, Northern Ireland. The BBC has learned that two brothers who built one of Ireland's biggest construction groups had a bitter feud which threatened the business. In July 2019, Lagan Investments acquired a majority stake in Frame-Tech Structures, one of the fastest growing providers of timber frame solutions in the UK. The secret mine that hid the Nazis' stolen treasure. Ballymena actor Liam Neeson in The Ballad of Buster Scruggs. The BBC has learned that two brothers who built one of Ireland's biggest construction groups had a bitter feud which threatened the business. Conor said he couldnt believe his luck when Kevin Lagan and his friends then arrived on the island after sailing all the way from Ballycastle. BBC Worldwide took control of the Lonely Planet travel guide book business for a total of 121m. All Content Copyright Lagan Investments 2020 |Privacy Statement. A rich list published earlier this year put the combined wealth of the Belfast-born Lagan brothers, Kevin and Michael, at some 1.3 billion. What started out as a 1970s hippie journey for Belfast-born Maureen Wheeler (72) ended in one the world's best-loved publishing empires, at least amongst budget travellers. They include a faith and family-oriented content network Lightworkers Media, which is a joint venture with MGM Studios, and the upcoming Netflix production Messiah. Kevin Lagan(68),as chairman, has been a driving force behind the business for over 40 years, growing its turnover to 272 million, with combined earnings of approximately 55 million in 2017. Michael William Langan, (Bill Langan), (June 9, 1955 - December 31, 2010) was an American yacht designer who practiced his trade in New York City and Newport, Rhode Island. Belfast-born Danny Hill (76) emigrated to Australia at the age of 13 and made his fortune mining nickel in the 1970s. Kevin Lagan also had a history of disputes with long-time rival Sean Quinn, notably in 2000, when Mr Quinn gave 30,000 to people campaigning against Lagan Cement's plans to build a 40 million cement factory near Kinnegad, Co Westmeath. Kevin Lagan and his family intend to pursue a managed growth strategy with the Lagan Homes and FastHouse businesses, which are being retained. And as luck would have it the bird was found by Derry man Conor McKinney who in turn pleaded with visiting boat owner Kevin Lagan to bring him back home to Ireland! The worn-out bird eventually landed on Hirta the largest island in the St Kilda archipelago 100 miles from the Scottish mainland. By 2002, however, the siblings Kevin and Michaelwent their separate ways. Subsequently however, Lagan discussed a merger with Quinn Building Products in 2013, but talks ended after just two months, after a rifle bullet was sent to Kevin Lagan. We operate out of two main offices; Belfast in Northern Ireland and Washington in the US. "We believe it has the potential to add significantly to the groups performance and prospects and we are looking forward to working with our new colleagues to deliver further value for our investors.. 204 By 2017, this business had a turnover of more than 400m and employed around 1,200 people. Kevin Lagan (68), as chairman, has been a driving force behind the business for over 40 years, growing its turnover to 272 million, with combined earnings of approximately 55 million in 2017. . And were glad to hear hes doing well back in Derry, he added. Among Kevin's many notable successes are the sale of the 164' Westport (50M) LADY KATHRYN IV, 192 (58.5 m) Lurssen CAPRI, 223' (68M) Lurssen KISMET, 200' (61M) Lurssen LADY KATHRYN V, 198' (60M) Lurssen . With several homes in the exclusive Malibu beachside suburb of Los Angeles, Roma Downey (58, above) is one of the wealthiest women on the Rich List. Co Down native Rea (65) owns about 60% of AES Engineering, the Yorkshire firm he founded that became the world's largest manufacturer of mechanical seals. Kevin Lagan enters into an agreement with Breedon Group plc to sell Lagan Group for 455m. Our Story Under the leadership of Kevin Lagan, a diversified construction business was built up over five decades. Is climate change killing Australian wine?

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