33-447: Ballymore Group is an Ireland-based international property development company. The majority of the company's employees and business activities are located in the UK. Ballymore Group was founded in 1982 by Sean Mulryan , who is the chairman and the chief executive (CEO). Ballymore Group's UK managing director is John Mulryan, who is a son of the founder. In January 2015, Ballymore announced
66-524: A 100 bed hotel, a health centre, children's playgrounds and sports pitches". In 2014, it was reported that Mulryan had engaged Lazard and CBRE Group to raise about €2.5bn to fund the Embassy Gardens development. At the time of its launch, former Mayor of London Boris Johnson described the Embassy Gardens project as “possibly the most important regeneration story in London and in the UK over
99-536: A 5% interest to the loan if any resident threatened the company with legal action. On 7 May 2021, the ACM-clad building suffered a major fire. The blaze affected parts of the 8th, 9th and 10th floors, and resulted in two people being taken to hospital, plus the evacuation of 42 people. Ballymore said the ACM played no part in the blaze. A London Fire Brigade report about the fire revealed serious safety failings, including
132-800: A 51-storey residential tower at Cuba Street were withdrawn for fire safety reasons in January 2022 after London Fire Brigade raised concerns about its reliance on a single staircase for emergency exit. Further east in the Royal Docks area of Silvertown, Ballymore applied for planning permission in October 2021 to redevelop an industrial area off Thames Road, east of Thames Barrier Park and southwest of London City Airport; 1,610 new homes, ranging from three-storey townhouses to 15-18 storey apartment blocks are planned; if approved, construction will start in 2023, with completion in 2027. In 2016, Ballymore launched
165-466: A broken ventilation system which meant the building acted like a "broken chimney" while escape routes filled with smoke. Wardian London, on the Isle of Dogs , consists of two towers, of 55 and 50 storeys, which contain 764 apartments, all with balconies and private gardens. The development features more than 100 different species of exotic plants and its own indoor and outdoor landscaping service. Ballymore
198-415: A deal with Malaysian property investment company, Eco World, in which Ballymore sold its Wardian London , Embassy Gardens and phase two of its London City Island development to Eco World for £428m. This created a holding company known as Eco World-Ballymore Holding Company Limited. Ballymore own 25 per cent of the company and Eco World own the remaining 75 per cent. However, Ballymore will continue to manage
231-406: A new riverboat terminal, Royal Wharf Pier. This will allow Thames Clippers to provide a service to the more than 10,000 residents who will live in the 3,385 riverside properties being built by Ballymore in the Royal Docks regeneration area. Royal Wharf has been plagued by problems, with many doors at the development constantly broken, leading to protests from residents. Ballymore is also developing
264-569: A £121 million deficit 12 months earlier. Ballymore Group works on large-scale projects in London and across Europe, with a particular focus on urban regeneration. In 2016, it was reported that Oran native Sean Mulryan launched the latest development in Dublin, which is a €700 million development in the docklands. The 'Dublin Landings' waterfront regeneration project includes office, residential and retail/leisure accommodation. In 2020, Ballymore
297-651: A €31.3 million housing development in Naas . Sean Mulryan Sean Mulryan (born September 1954) is an Irish property developer, and the founder and chairman and CEO of the Ballymore Group , a Dublin-based international property development company. He was named on the Estates Gazette 2017 'Power List', which lists the 50 most powerful individuals in Britain's commercial real estate sector. Mulryan
330-611: A €700 million development in Dublin's docklands. The Dublin Landings waterfront regeneration project includes 100,000 sq. m (1,076,391 sq. ft) of office, residential and retail/leisure accommodation, of which 22,019 sq. m (237,000 sq. ft) is residential accommodation: 268 residential units with on-site resident amenities including a concierge service, landscaped gardens, a private gym, business lounges and 210 basement parking spaces. In 2019, Ballymore and its commercial partner Oxley Holdings agreed to sell all 268 luxury apartments to Greystar for €175.5m. There are five Grade A office buildings on
363-594: Is an increase of between 10 - 15% per annum, well above the UK's inflation rate of 2.9% per annum during that period. Ballymore's New Providence Wharf is a 559-apartment scheme, which altered the skyline east of London's Canary Wharf . However, following the 2017 Grenfell Tower fire , it emerged that New Providence Block A-E in Fairmont Avenue used the same aluminium composite material (ACM) cladding. More than 500 households would, on average, have to pay over £4,000 each after freeholder Landor Residential, part of
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#1732780042049396-497: Is involved with the regeneration of the Royal Docks , which is seeing £6 billion of private sector investment. West of Thames Barrier Park , it is building Royal Wharf between the river and Silvertown Way, which will have a 550-yard river frontage and include over 3000 homes, two parks and a new school. In April 2017, Investec supported the Silvertown development with a loan of £18m. In January 2019, construction work started on
429-414: Is now considered one of Europe's biggest property developers. Ballymore Group was founded in 1982 by Mulryan, then aged 28, who is the chairman. Ballymore has become one of the biggest providers of residential space in London. In 2017, it was reported that the previous year's profits at the UK arm of Ballymore had increased almost three-fold to £154.9m (€217.6m). In December 2016, Mulryan announced that
462-582: The Ardenode Stud , County Kildare, with five children. They are very active in horse racing and own "somewhere between 50 and 100" racehorses, trained in Ireland and France. Among his top horses was Forget the Past, which was a multiple winner at the highest level over jumps and trained by Michael O’Brien, who handled a number of Mulryan-owned horses. He also owned flat horses, including Thewayyouare, which
495-547: The Financial Times investigated service changes at Ballymore developments. Leaseholders at multiple Ballymore developments faced large increases in their bills, with one citing a 58% increase in annual costs between 2015 and 2020; residents were reportedly left feeling trapped in increasingly unaffordable homes. Ballymore told the FT increases were due to inflation in services such as insurance and utilities, but residents said
528-675: The London Film School and the English National Ballet . In 2019, English National Ballet was set to move from its 40-year-old home at Markova House in South Kensington into a new 8,600 sq. m facility, four times the size of its previous home. South of London City Island, Goodluck Hope is a riverside development located across from the O2 Arena at North Greenwich. In May 2017 it was announced that
561-725: The Ballymore Group after a deal was reached in 2008. As well as the US embassy, the Netherlands relocated its embassy to the area, and publisher Penguin Random House moved in 2020 to One Embassy Gardens in 2020, an office building subsequently sold to Kennedy Wilson for £177.5m in June 2021. The development includes a "world first": a sky pool suspended 10-storeys high between two apartment blocks, allowing residents to swim between
594-421: The Ballymore Group had exited Nama . In addition, he said Ballymore had paid back “significant borrowings” to RBS , KBC and other institutions. In 2019, published accounts for one of the group’s key UK-registered companies, Ballymore Properties Ltd, show it earned profits of £176.3 million in the 12 months ended 31 March 2018. Ballymore Properties Ltd had net assets of £54 million on 31 March 2018, compared to
627-538: The Ballymore group, refused to cover the cost of recladding the block. In February 2019, Ballymore offered a 20% contribution towards recladding costs, but gave leaseholders a two-week ultimatum to foot the rest of the £2.4m bill, despite stated Ministry of Housing, Communities and Local Government policy that leaseholders should not to be made to pay to remediate dangerous cladding systems. Ballymore also offered loans, but threatened to cancel its 20% contribution and add
660-702: The Dublin Landings complex. No 1. The Landings has been let to the NTMA and sold to German institutional investor Triuva. No 2. The Landings has been let to WeWork and sold to the REIT company JR AMC while the Central Bank of Ireland acquired two of the remaining three office buildings - No 4, The Landings, and No 5, The Landings. Ballymore is also involved in delivering a large mixed-use scheme on 2.8 hectares at Dublin's Connolly station in Dublin's IFSC and
693-655: The UK, including Skyline Central, the tallest apartment complex in Manchester. As of 2012, he is one of the richest men in Ireland. According to London's The Evening Standard , Mulryan owns more land in London than the Duke of Westminster . On 16 February 2012, Wandsworth Council approved Ballymore Group 's plans for the 15 acre development in Nine Elms . Embassy Gardens is set to provide "up to 1,982 new homes alongside shops, cafes, bars, restaurants, business space,
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#1732780042049726-419: The adjacent riverfront site to the west, Riverscape, to provide 769 homes. Ballymore is also responsible for a multi-million pound Canning Town development, City Island, a 12-acre island site that includes 1,000 homes as well as shops and restaurants. Inspired by Manhattan, the development won the top prize at the 2017 London Evening Standard New Homes Awards, and is expected to become a cultural hub, home to
759-657: The buildings. The pool is designed to appear as though it floats in the air and uses 20 cm-thick glass so that swimmers have uninterrupted views of London, including the London Eye and the Palace of Westminster . In March 2021, Embassy Garden's residents were reported by the Financial Times as being "trapped" in their apartments, with one resident reporting that the service charge had increased by 58 per cent over 5 years to an annual charge of just over £6,500. This
792-570: The charges also covered repairs to fix poor workmanship during the developments' construction. Embassy Gardens in Nine Elms is a 2,000-home complex, positioned alongside the US Embassy (which opened in 2018) and near Battersea Power Station . In 2018, the US Embassy relocated from Grosvenor Square to Embassy Gardens. The land on which the current embassy stands was sold to the US government by
825-618: The group was working in partnership with the Hong Kong Chinese Kwok family, who are controlling shareholders in Sun Hung Kai Properties . In October 2018, it was reported that this joint venture would deliver a £1bn skyscraper scheme in the Isle of Dogs in London's docklands. The Millharbour Quarter will comprise 1,513 homes at Millwall Dock . Other Isle of Dogs projects include Baltimore Tower and Pan Peninsula . West of Millharbour, Ballymore's plans for
858-536: The next 20 years”. In 2018, the Embassy of the United States, London , relocated from Grosvenor Square to Embassy Gardens. The land on which the new embassy stands was sold to the US government by the Ballymore Group after a deal was reached in 2008. In March 2021, the Financial Times ran an investigation into Ballymore developments. Leaseholders at multiple Ballymore developments faced large increases in
891-446: The service charge bills, with one stating a 58% increase in annual costs between 2015 and 2020; residents were reported to be left feeling trapped in increasingly unaffordable homes. Ballymore told the FT increases were due to inflation in services such as insurance and utilities, but residents said the charges also covered repairs to fix poor workmanship during the developments' construction. Outside of his work with Ballymore, Mulryan
924-662: The three schemes within the new company. In 2016, Ballymore's UK profits were recorded at €217m; it was reported in the Irish Independent that these were "exceptional gains" and had resulted in almost a threefold profit increase. In the same year, the firm won Large Developer of the Year at the RESI Awards and also won Property Developer of the Year at the Evening Standard Awards. In March 2021,
957-547: Was approved to build a large mixed-use scheme on 2.8 hectares at Dublin’s Connolly Station in Dublin’s IFSC . Several members of the Mulryan family have been involved in Ballymore. John Mulryan is a son of Sean Mulryan and is group managing director at Ballymore, meanwhile, Sean's brother Donal Mulryan used to work for Ballymore before starting his own development company, West Properties , which owns various developments in
990-470: Was born in September 1954, the son of John and Josephine Mulryan. He grew up in rural poverty in the village of Oran, near Castlerea , Co Roscommon, in the west of Ireland, in a farming family with seven children. Mulryan left school at the age of 17, and trained as a bricklayer. Aged 19, he bought his first plot of land. At 26 he set up his own company and shortly afterwards founded Ballymore, which
1023-578: Was once considered to be a strong contender for The Derby . In 2017, Mulryan's Ballymore Properties sponsored the headline race on the last day of the Punchestown National Hunt Festival. Worth over €100,000, the Ballymore Handicap Hurdle is run over two and a half miles and is one of the most hotly contested races of the festival. His friends include the athlete and politician Seb Coe and Bono ,
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1056-590: Was set to join the board of the Ireland West Airport Knock in 2017. Knock confirmed the appointment in May 2017, along with two other new directors. The airport is considered key for regional development and it expects to handle around 750,000 passengers in 2017, making it its busiest year. In 2022, Mulryan invested €5 million in Irish electric bike maker Modmo. Mulryan and his wife Bernadine live at
1089-665: Was the only Irish person to be named on the list, which included US billionaire and Amazon founder Jeff Bezos and the chairman of CC Land , Cheung Chung-kiu . In October 2018, he was named in the Evening Standard list of the 1,000 most influential Londoners while a month later in November 2018, Mulryan was recognised for “an outstanding contribution to Ireland and the Irish community in Great Britain” by The Ireland Funds Great Britain chapter. Sean Mulryan
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