LONDON, May 20, 2014 /PRNewswire/ --
Ballymore ("Ballymore" or "the Company"), the international property development and investment group responsible for many of London's most high-profile residential developments, announces that it has appointed Lazard and CBRE to advise the Company on sourcing a partner to finance and develop three large-scale residential developments at waterside locations in Nine Elms, Canary Wharf and Leamouth in East London in a joint venture. Ballymore will act as Development Manager for the projects.
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The three schemes comprise Arrowhead Quay in Canary Wharf, Phase II of London City Island on the Leamouth Peninsula and Phase II of the hugely successful Embassy Gardens in Nine Elms. In total the developments have a gross development value of c.£2 billion and will deliver c.3,000 new residential units and 250,000 sq ft of commercial, leisure and office space, as detailed below:
Sean Mulryan, CEO of Ballymore, commented: "This portfolio is one of the largest and most significant residential development opportunities to be offered in central London. The three projects are located in very different areas, offering diversity in both geography and price point. Furthermore, both Embassy Gardens and London City Island have achieved record-breaking phase I sales values which highlights the huge potential of these three developments, which are on course to be amongst the biggest success stories in our company's history."
About Ballymore
Ballymore Group is an international property investment and development company, focused on large-scale projects across Europe and has been a specialist in the London market for over twenty years.
Ballymore's developments have distinguished it as a leader in urban regeneration with an eye for design and innovation, with expertise encompassing land, design, architecture, planning, property and estate management, marketing and finance. From its offices in London, Prague and Dublin, it continues to pioneer ever more ambitious mixed-use projects combining residential space, office, retail, hotels and leisure facilities.
Ballymore has executed many of the most high-profile and successful developments in London including Pan Peninsula and New Providence Wharf in Docklands, the restoration of Old Spitalfields Market in Spitalfields, St Johns in Westminister and High Point Village adjacent to the proposed new Crossrail Station in Hayes. A succession of high quality, market-leading residential developments have set new benchmarks for quality, sales rates and residential values in their individual markets.
Enquiries:
Ballymore Group:
Paul Keogh
Email: pkeogh@ballymoregroup.com
Powerscourt:
Rory Godson, Justin Griffiths, Ellie Sweeney
Tel +44(0)20-7250-1446
ballymore@powerscourt-group.com
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