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 Post subject: Re: Mulryan company reports €117m loss
PostPosted: Sat May 14, 2011 11:36 am 
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Developer Mulryan reaches agreement with Nama - CIARÁN HANCOCK -> http://www.irishtimes.com/newspaper/fin ... 98303.html

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Seán Mulryan has become the latest of Ireland’s big property developers to reach agreement with the National Asset Management Agency on a business plan for his large portfolio of debt-laden property assets.
Mr Mulryan, who controls Ballymore Properties in Ireland, reached agreement with Nama on a business plan in recent days, The Irish Times has learned.
The details of the agreement have not been disclosed.

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 Post subject: Re: Mulryan company reports €117m loss
PostPosted: Sun May 22, 2011 10:34 am 
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Loan for developer Mulryan's K Club apartment goes to NAMA - Emmet Oliver -> http://www.independent.ie/business/iris ... 49953.html

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The loan for Sean Mulryan's K Club apartment has gone into NAMA with the asset being valued by the company which owns it at €2m.
Mulryan, Ireland's largest developer, is currently working with NAMA and reports suggest his Ballymore group has signed a memorandum of understanding (MOU) with NAMA, a form of non-binding agreement.
Peltier Investments, which owns the property at the Staffan, Co Kildare complex states: "The company's principal asset comprises an investment property with a carrying value of €2m.
"The company has loans of €2.8m which are repayable on demand'.

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 Post subject: Re: Mulryan company reports €117m loss
PostPosted: Sat Feb 02, 2013 12:12 pm 
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Ballymore Properties subsibiary taken over by BOSI

http://www.irishtimes.com/newspaper/fin ... 61630.html


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 Post subject: Re: Mulryan company reports €117m loss
PostPosted: Mon May 27, 2013 6:17 am 
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London-based Royal Wharf hits the market - -> http://www.property-report.com/london-b ... rket-29718
May 23, 2013

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The 37 acre site, which already has planning consent for a 363 sqm development, is set to include an estimated 3,385 residential units, school, shops, offices and restaurants.
<snip>
Ballymore made the decision to sell off the prime development site in an attempt to cut its debts with the National Asset Management Agency, Irish Times reported last month.

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 Post subject: Re: Mulryan company reports €117m loss
PostPosted: Sat Oct 19, 2013 2:31 pm 
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Ballymore Properties, which yesterday launched a £700 million luxury apartment development in London, expects to be free of the National Asset Management Agency by 2015.


http://www.irishtimes.com/business/sect ... -1.1566159

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 Post subject: Re: Mulryan company reports €117m loss
PostPosted: Sat Nov 23, 2013 10:04 am 
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Ballymore's pre-tax losses widen to €222m on write-down - Gordon Deegan -> http://www.independent.ie/business/iris ... 77700.html


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 Post subject: Re: Mulryan company reports €117m loss
PostPosted: Mon Jan 30, 2017 3:37 pm 
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Ballymore exits NAMA - -> http://www.theirishworld.com/ballymore-exits-nama/

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Ballymore exits NAMA having paid back nearly €4 billion to creditors in just six years

Developer Seán Mulryan’s Ballymore left Ireland’s ‘bad bank’ NAMA last month on 21 December having repaid €3.2 billion in gross debt to the agency since 2010.

The Roscommon-born developer, who has several significant developments and projects in the UK told staff the group has also paid back RBS, KBC and other institutions bringing the total amount of debt paid off to around €4 billion In his note to employees, Ballymore founder Seán Mulryan said the property group exited Nama on 21 December and called it a “staggering achievement” and one that the company “should be very proud of ”.

In addition, Mr Mulryan said that Ballymore had paid back “significant borrowings” to RBS, KBC and other institutions, to bring its total group debt repayment to about €4 billion.

“We have also managed to retain one of the best development land banks in London, a significant land bank in Ireland, a significant property investment portfolio and have successfully grown our development management and construction management businesses in London, Birmingham and Dublin,” Mr Mulryan added.

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