AIB and Ballymore agree €130m refinancing deal

Ballymore is currently building 1,500 homes on Ireland

Ballymore chief Sean Mulryan and AIB chief executive Colin Hunt. Picture: Orla Murray.

AIB and property development group Ballymore have agreed a €130m refinancing deal through a five-year green loan facility. 

The refinancing will be used to accelerate Ballymore’s nationwide housing pipeline, and will help fund construction of some 2,000 homes, with potential for a further 2,000. Ballymore is currently building 1,500 homes on nine sites in Bray, Mullingar, Naas, Newbridge, Portmarnock, and Rush.