Nama decided to proceed with appointing receivers over assets of various Treasury Holdings companies without telling the developer, which was in advanced negotiations with investors, the High Court has heard.

The Ballymore Group has won council approval for a plan to turn a former DHL depot and adjoining land into almost 2,000 houses at a site beside Battersea Power Station in London.

THE owner of Battersea Power Station, the London landmark slated for a £5.5 billion (€6.5bn) redevelopment, was put into administration by a judge in Britain after it failed to repay senior creditors.

BATTERSEA Power Station’s next owner may have to commit £700 million (€814.8m) to the derelict London development site before any construction work can be started.

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.

Wandsworth Council in the UK has approved the planning application for the Battersea Power Station site, owned by Real Estate Opportunities.

An Irish company has purchased London’s Battersea Power Station and surrounding lands for €595m, it was confirmed today.

Irish property investment and development company Real Estate Opportunities Ltd (REO) has exchanged contracts to purchase Battersea Power Station and its surrounding lands in London from the Hwang family for £400m (€592m).

BUILDING tycoon Sean Mulryan has seen a further increase in profits at his Ballymore Properties company.

FRESH from the sale of the impeccably restored, number 18 Myrtle Hill Terrace, on Cork’s Lower Glanmire Road, Derrick Gerety of Andrew Moore and Co is now handling the sale of number 6, further down the same row.