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The club's present home, Cowes Castle, was built in 1539 as part of Henry VIII's chain of coastal defences, protecting the Island from invasion and the naval dockyard at Portsmouth from attack. Its defensive importance lessened after the defeat of Napoleon in 1815 and it was later suitably refurbished to become the maritime residence of the Captain of Cowes Castle, Lord Anglesey, who was also a member of the club. The death of the last Captain in 1855 led to a review of the castle's future and its decommissioning. The Squadron leased it a couple of years later and employed the architect Anthony Salvin to turn it into a fitting home from home for the members; they moved in, from their previous clubhouse on Cowes Parade, in 1858.