WLR refinances Barrett’s return to development

Billionaire Wilbur Ross’s vehicle backs D4 apartments plan

Wilbur Ross is backing the mezzanine fund WLR Capital
Developer Gerry Barrett Pic: Kim Haughton

WLR Cardinal, the mezzanine fund backed by US billionaire Wilbur Ross, has refinanced a large chunk of developer Gerry Barrett’s operation as he ramps up activity. Barrett is making a return to development on several fronts with multi-million euro projects in Dublin, Galway and Drogheda.

The developer, who exited Nama in 2015, owns four acres of land adjacent to his Scotch Hall shopping centre in Drogheda which has potential ...