CREDITORS of the Irish- owned Battersea PowerStation asked a court to put the landmark property’s owner into administration the day after Britain’schancellor of the exchequer George Osborne backed a London Undergroundextension to boost the area’s development.
Fri, 02 Dec, 2011
THE National Asset Management Agency (NAMA) and other lenders to the Irish owners of the Battersea Power Station in London waived a debtmaturity deadline yesterday while talks with potential new equity partners for its redevelopment continued, a source close to theprocess has revealed.
Fri, 02 Sep, 2011
REAL Estate Opportunities (REO), the Treasury Holdings-controlled property development company, slashed its pre-tax losses in its last financial year — from £828m to £77m (€86.37m) on the back of making lower impairment provisions on its property portfolio.
Fri, 24 Jun, 2011
THE Irish-controlled property development company, Real Estate Opportunities (REO) has provided an upbeat trading statement to the market, citing a stabilisation in Ireland’s commercial property market, the progress made on its Battersea Power Station project in London and the work done towards restructuring its balance sheet as signs the company is in a good position.
Sat, 15 Jan, 2011
THE sight of a handshake would have been hard enough to stomach, but the picture of beaming former Taoiseach Bertie Ahern being embraced in a bear-hug by NAMA resident property developer Johnny Ronan last Tuesday, at the opening of the Dublin Convention Centre, was nauseating.
Fri, 10 Sep, 2010
REAL Estate Opportunities (REO) – the international property development company in which Treasury Holdings owns a majority stake – is planning to spin off its Battersea Power Station site in London and float it as a separate listed business.
Thu, 24 Jun, 2010
THE Treasury Holdings-backed property investment company, Real Estate Opportunities (REO) has reached a settlement in its legal battle with minority shareholder, Aberdeen Asset Management, which will see the company’s assets boosted by more than €70 million.
Sat, 17 Mar, 2007