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Ballymore Group's UK managing director is John Mulryan, who is a son of the founder. [ 2 ] [ 3 ] In January 2015, Ballymore announced 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.
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. [9] 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). [10]
It was built by property development company Ballymore [2] and designed by architects Skidmore, Owings and Merrill. [ 3 ] [ 4 ] The Ontario Tower is a primarily glass and aluminium design. Its roof is sloped, with a blue LED -rimmed elliptical profile.
On 16 February 2012, Wandsworth Council approved Ballymore Group's plans for the 15-acre development. Embassy Gardens was intended to provide "up to 1,982 new homes alongside shops, cafes, bars, restaurants, business space, a 100 bed hotel, a health centre, children's playgrounds and sports pitches".
In England and Wales, the Commonhold and Leasehold Reform Act 2002 provides a right for leaseholders to change the appointment of the management of their building to another provider, by setting up a special company to take over from the freeholder those rights of appointment of management of the building. [1]
Ballymore Eustace, town in County Kildare often shortened to "Ballymore" Ballymore, County Westmeath, a village and townland in Ballymore civil parish, barony of Rathconrath; Ballymore, County Wexford, two townlands in County Wexford; Ballymore Castle, in Lawrencetown, County Galway, Republic of Ireland
As a lease is a legal estate, leasehold estate can be bought and sold on the open market. A leasehold thus differs from a freehold or fee simple where the ownership of a property is purchased outright and after that held for an indeterminate length of time, and also differs from a tenancy where a property is let (rented) periodically such as ...
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