Ballymore capitalises on Brexit with property push

Some income will go to pay down debt due to Nama

30th October, 2016
Sean Mulryan

Ballymore is capitalising on the low value of sterling to market part of its new Nama-backed skyscraper development in London to Middle and Far Eastern investors.

London City Island is a €3 billion scheme near Canary Wharf. The first phase has been completed as a joint venture with Nama, and will be officially launched next month.

Income from part of the project will go to pay down debt due to Nama, with Ballymore aiming to...

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