O’Flynn starts fundraising drive after striking deal with Blackstone

Michael O’Flynn, the Cork property tycoon, will begin a fundraising drive on Monday to finance his development of 600 acres of land in Ireland and five sites in Britain after he struck a deal on Friday with US fund Blackstone.

Michael O’Flynn: aims to secure group’s development sites
Michael O’Flynn: aims to secure group’s development sites

O’Flynn is understood to have not yet formally appointed advisers, but the veteran builder has connections in both Ireland and Britain who are expected to be interested in supporting his development projects.

How much O’Flynn intends to raise has yet to be determined as he will require funding not just to pay off Blackstone, but also to support the development of his new projects.

O’Flynn had been ...