Group agrees €2.8bn venture

Ballymore Group, led by prominent Irish developer Sean Mulryan, is combining with a Malaysian property investment company to develop three London sites in a €2.8bn joint venture.

The project will see three large-scale residential projects previously owned solely by Ballymore transfer to the newly established joint venture company known as Eco World - Ballymore.

Eco World Investment (EW), incorporated in November of last year and led by the former chief executive and chief operating officer of Malaysia’s leading property development company, will take a 75% stake in the joint venture with Ballymore holding a 25% stake.