Lone Star splits with Ballymore

Lone Star, the multibillion dollar property investor, has shelved plans to work with Irish property developer Sean Mulryan on up to 1,000 homes in Dublin.

The development on lands owned by Lone Star in Portmarnock is among the largest housing developments in the capital.

Mulryan’s company Ballymore was working as the fund’s development partner, but the pair have parted ways in recent weeks.

A source said that while Ballymore and Lone Star had ...