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Property Developments

Despite recent interest rate increases the general view is that the Irish property market will continue to perform
strongly supported by positive economic conditions and continued economic growth.

Ray Horney, Chairman's Interim Statement 2007.

  20/06/08 Launch of Masterplan for Battersea Power Station

The Board of Real Estate Opportunities Limited is pleased to announce the launch of the masterplan for Battersea Power Station. Below is the press release which will be issued at the official launch.

Battersea Power Station is reborn!

Real Estate Opportunities Limited (“REO”), a London listed property company, today launched its new vision and masterplan for Battersea Power Station.

The iconic Battersea Power Station is to be brought back to life in the most advanced sustainable development ever to be built in this country.

Click here for full details

 

15/01/08 International Partner Chosen to plan Ireland’s new deepwater Port at Bremore

Bremore Ireland Port Ltd, the joint venture between Drogheda Port Company and Castle Market Holdings Limited, announces today that it has signed a Memorandum of Understanding with a wholly owned subsidiary of Hutchison Port Holdings (“HPH”) to develop a Port Master Plan for the new €300 million deepwater port at Bremore in north County Dublin.

The signing paves the way for the next phase in the development of the deepest port on the east coast of Ireland. Bremore Ireland Port hopes to be in a position to submit a full planning application in the next 12 months.

The development of Bremore is a strategic response to the impending deficit in port capacity not only at Drogheda Port but also on the whole of the east coast of Ireland. The new deepwater port
will provide additional choice to Ireland’s importers and exporters, and accommodate new short sea shipping services to the United Kingdom, Europe, Scandinavia and the Baltic States.

Bremore Port will be designed and operated to meet the highest environmental standards and with respect for the local community.
Bremore Ireland Port Limited is a joint venture partnership between Drogheda Port Company and Castle Market Holdings Limited, a wholly owned subsidiary of Real Estate Opportunities Limited. REO is managed by Treasury Holdings.

HPH is the world’s leading port investor, developer and operator with interests in a total of 292 berths in 46 ports, spanning 23 countries throughout Asia, the Middle East, Africa, Europe and the Americas.

 

08/11/07 Ireland’s new deep-water Port at Bremore to proceed

Drogheda Port Company have confirmed that Castle Market Holdings Limited (“Castle Market”), a wholly owned subsidiary of Real Estate Opportunities Limited (“REO”) , is their selected JV partner in the development of Ireland’s new deep-water Port at Bremore following an open tender process. The parties have signed an Agreement which will allow the Bremore port development to proceed. The next step, the appointment of consultants to prepare the Port Master Plan, is already well underway.

REO’s business in Ireland is managed by Treasury Holdings.
Bremore Ireland Port, located between Dublin and Drogheda, is one of the most exciting infrastructure projects to be undertaken in Ireland in decades. Drogheda Port Company began the development in 2002 as a strategic response to the impending deficit in port capacity not only at Drogheda Port but also on the East Coast of Ireland. Current estimates of its total development costs are in the order of €300 million.

In recent years Ireland has experienced record levels of economic growth, which has resulted in increased freight volumes passing through the country’s East Coast ports. This rapid growth has caused congestion and highlighted the need for substantial additional capacity.

 

18/07/07 Core Technical Team appointed

REO announces the appointment of the core technical team to augment Rafael Viñoly Architects PC as masterplanners to the development of Battersea Power Station.

The core technical team are:
• Structural Engineers: Buro Happold
• Mechanical & Electrical Engineering: Roger Preston & Partners
• Transport: Stear Davis Gleave
• Cost consultancy: Davis Langdon
• Landscape & Public Realm: Hylands Edgar Driver
• Sustainability: Battle McCarthy
• Planning: DB9

Click here for full details


04/04/07 Masterplanner Appointed For Battersea Power Station Site

REO announces that Rafael Viñoly Architects PC (“Viñoly”) has been appointed masterplanner to the Battersea Power Station Site (“the Site”). The appointment follows a detailed selection process during which a shortlist of world renowned architects were asked to present approaches to working with Treasury Holdings and REO to replan the site.

REO completed the purchase of the 38 acre site in December 2006. In February the Company determined that the current masterplan did not fully respond to contemporary market conditions, nor did it optimise the site’s potential. Rafael Viñoly has now been charged with developing a masterplan aimed at ensuring that the site becomes an intrinsic, sustainable district of London, in keeping with its immediate surroundings.
Click here for full details


15/12/06 Real Estate Opportunities Limited
Selected as Preferred Development Partner for Bremore Ireland Port

The Board of Real Estate Opportunities Limited (“REO”) is pleased to announce that Drogheda Port Company has selected a consortium led by Castle Market Holdings, a wholly owned subsidiary of REO, as preferred bidder as joint venture partner to codevelop a new deep-water port on Ireland’s east coast.

As Europe's fastest growing economy, has seen its east coast ports grow freight volumes at 6.5% per annum over the last 15 years. This rapid growth has resulted in congestion and created a need for substantial additional capacity over the coming decade.

Bremore Port will be the most modern, efficient and strategically located port operating on the island of Ireland. The project will be one of Ireland's largest and most vital infrastructure projects in the next few years.

Bremore is located within the Greater Dublin Area, just north of the town of Balbriggan, adjacent to the M1 Motorway and 32 km from the heart of Dublin city.



30/11/06 Acquisition of Battersea Power Station and surrounding lands

The Board of Real Estate Opportunities Limited (“REO” or “the Company”) announces that REO has exchanged contracts to purchase Battersea Power Station and its surrounding lands in London (“the Site”) from Oriental Property Limited (“Oriental”), a company owned by the Hwang family which also controls 100% of Parkview International London plc. The Site, which covers 38 acres (of which six acres comprise the Power Station) is set alongside 380 metres of riverside frontage within the London Borough of Wandsworth. REO will acquire 100 per cent. of the equity in the companies that hold freehold title to the Site.

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23/08/06 Stillorgan planning consent

An Bord Pleanála, the Republic of Ireland’s planning appeals authority granted planning permission for the redevelopment of Stillorgan Shopping Centre to a wholly owned subsidiary of Real Estate Opportunities Limited (“REO”) on 22 August 2006.
Right: a computer image of the redeveloped centre.

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22/09/05 Planning Permission for the Blake’s Restaurant Development

Real Estate Opportunities is delighted to announce that it has been granted full permission to develop a mixed-use residential and commercial complex in Stillorgan, Co. Dublin.

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Planning Permission:
Ballymun Shopping Centre, Dublin

Planning Permission has now been granted for this exciting mixed development of 1,400,000 sq ft. or 130,060 sq m.

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09/05/05 New Acquisition:
35 Barrow Street, Dublin

60,000 sq ft. of city centre office space near completion. Plus 21,000 sq ft office space in a converted warehouse, a 'factory' style building for further development and other land.

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09/05/05 New Acquisition:
M1 Business Park, Balbriggan, Co. Dublin

On the M1/R132 junction, 15 minutes north of the city centre, comprising 156 acres of prime industrial units.

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Newly Completed:
Mespil Road, Dublin

Overlooking the Grand Canal, this prestigious office block offer just over 100,000 sq ft. of prime accommodation.

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We can anticipate a high degree of activity in relation to our development portfolio in terms of bringing projects through the planning process and initiating development activity.

 

 

 

 

 

                     
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