Ardawn Developments to hit €75m target early

PROPERTY company Ardawn Developments expects to have raised €75 million for its second property development fund by the end of the week.

Ardawn works by purchasing sites, mainly in Leinster, and bringing them through the planning process. It then sells on the land at the ready-to-go stage.

Following briefings in Cork, Kerry and Limerick this week Ardawn expects to reach its target investment of 75m three weeks ahead of schedule. This money will raise buying power for Ardawn II of €150m.