Gerry ‘The Monk’ Hutch ‘like a celebrity’ and ‘well-protected’ as he rebuilds life in Lanzarote & invests in €10m empire
GERRY Hutch is investing in pubs and property in Lanzarote as he seeks to put the past behind him almost a year on from his acquittal for the murder of David Byrne.
The Monk has spent most of his time on the Spanish island since his release and is living in the Las Tias Palmas area, a few miles outside the popular resort of Puerto Del Carmen.
It is understood that he has invested in one or two pubs on the island and has tried to buy two other properties that are regularly rented by tourists in the northern part of Lanzarote.
One Irish resident said: “Gerry is like a celebrity around here and has spent most of his time on the island since he was freed by the courts.
“He is not trying to hide and regularly visits different bars and restaurants in Puerto del Carmen.
“You will often spot him sitting in the corner drinking a bottle of Sprite or Lucozade.
“He has made many friends and business associates here and generally keeps himself to himself.
“He has an interest in one or two bars and is also trying to move into the Spanish bed and breakfast market.
“I know he had his eye on two properties on the north of the island but I didn’t hear whether the deals were closed or not.
“He seems to be planning to stay here full time and he and his wife are well-liked and respected by the local expat community.”
Thousands of Irish people are now living full time or half the year in Lanzarote to escape the winter blues.
It has become one of the most popular places for retirees who want a new life in the sun and guarantees good weather all year. There are also flights to Dublin daily.
Hutch also owns two to three other apartments on the island along with his property interests on the Costa del Sol, in London, Florida, Turkey and Bulgaria, which collectively are believed to be worth over €10 million.
The one-time boss of the Hutch family organised crime group is still a target for the Kinahan crime gang over the 2016 Regency Hotel shooting of David Byrne, a close associate of Christy and Daniel Kinahan.
However the Kinahans’ ability to target The Monk is diminished as they are wanted by the American and Irish governments and are currently hiding in Dubai.
Up to 20 to 30 of their henchmen in Ireland have been jailed.
The Kinahans tried to kill The Monk in 2015 when they sent a hitman to Lanzarote to get him, but the attempt failed.
The source added: “Gerry is not stupid and still takes his personal security seriously, but the locals here look out for him and he is well-protected.
"He seems to want to put the past behind him and all of his business interests here are legitimate.”
GERRY HUTCH'S TIME IN PRISON
“Model prisoner” Gerry Hutch, 60, spent 19 months in Wheatfield Prison right up until his acquittal in April.
Having been extradited from Spain in September 2021, he was brought to the prison’s 3G landing, where Hutch-associated inmates are based.
Among them were Jonathan Dowdall and his father Patrick.
Jonathan later turned State witness and was a key part in the failed case against Hutch.
He led a disciplined life in Wheatfield, feasting on porridge and honey for breakfast and walking up to 70km a week in the secured yard.
It also understood that the Monk was sticking to an early to bed policy as he prepared for his trial.
He reportedly dazzled inmates with his skills on a George Foreman grill and microwave, dishing up toasties and fried spuds.
It has been reported that Hutch returned to the Dublin slammer after he was acquitted of murder to top up the prison accounts of the pals he had left behind.
Monk cleared out his own fund and distributed hundreds of euro among friendly inmates on the landing where he was caged.
A source said: “He had around €400 in his account and instead of taking it with him as most do he asked that it be distributed among prison pals.”
Another added: "€100 goes a long way in jail.
“Gerry was easy to deal with, never caused any trouble but he was clearly the boss and everyone respected him as much.
“But it's testament to what he thought of everyone serving time on that landing that he was prepared to make this gesture.
“He just wants them looked after and for their time to be no harder than it needs to be.
"But it wasn’t expected and everyone was as delighted as they could be in the circumstances.”
Every prisoner receives an allowance of between €6.30 and €15.40 per week, depending on whether they are basic, standard or enhanced status, and can earn more by performing work in areas such as cleaning and laundry.
They can also receive cash into their accounts from family and friends.
Although Gerry Hutch was cleared of Byrne’s murder by the Special Criminal Court in April last year, gardai are still investigating his family’s criminal links.
Hutch was arrested in the summer of 2021 while having dinner with his wife at a restaurant in Fuengirola in Spain and was extradited back to Ireland on the Regency Hotel murder charge.
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He remained in custody for two years until he was found not guilty and set free.
After his release he spent a few weeks in Dublin but then headed back to his beloved Lanzarote.