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Ballymore Group was founded in 1982 by Sean Mulryan, ... Leaseholders at multiple Ballymore developments faced large increases in their bills, with one citing a 58% ...
Ballymore Group The New Providence Wharf is a residential development in the Blackwall district of the London Borough of Tower Hamlets , at the north end of the Blackwall Tunnel . It was designed by Skidmore, Owings and Merrill [ 1 ] and is managed by Ballymore , a property development company.
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]
In 2014, it was reported that Ballymore had engaged Lazard and CBRE Group to raise about €2.5bn to fund the Embassy Gardens development. [3] In June 2017, 25 apartments were released for sale by EcoWorld Ballymore with prices for the homes that overlook a sky pool starting at £1million.
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In January 2012, Canary Wharf Group took 100% control of the project by paying British Waterways £52.5m for their 50% stake and Ballymore £38m for their 25% stake. [14] [15] Under the agreement Canary Wharf Group has been a granted a new 250-year lease from British Waterways with ground rent payable which will grow to £6m per annum. [2] [16]
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. [1] Construction began in 2004 and was completed in 2006.
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