Search results
Results from the WOW.Com Content Network
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.
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".
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 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]
Common area maintenance charges (CAM) are one of the net charges billed to tenants in a commercial triple net (NNN) lease, and are paid by tenants to the landlord of a commercial property. A CAM charge is an additional rent, charged on top of base rent, and is mainly composed of maintenance fees for work performed on the common area of a property
Leaseholders have a right after two years to extend a lease with less than 99 years to run and reduce ground rent to a "peppercorn", i.e. close to zero, but developers have thwarted this with costly leases of more than 150 years that make the valuation – based on the ground rent and term – beyond the reach of leaseholders, and sell the ...
Ballymore, County Cork, a village on Great Island, Cork Harbour; Ballymore, County Donegal, a townland in Glencolumbkille civil parish; Ballymore Eustace, town in County Kildare often shortened to "Ballymore"