Property developer Sean Mulryan: new AIB facility will allow construction of 2,000, and maybe up to 4,000, homes. Photograph: Eric LukeProperty developer Ballymore says it will build 2,000 new A-rated homes and could build up to 4,000 after it agreed refinancing of more than €130 million with AIB. AIB said the refinancing reflected the “strong relationship” the bank has with Ballymore, and succeeds the provision of facilities to Sean Mulryan’s Ballymore by AIB over the last four years. The refinancing facility will include Home Building Finance Ireland as a new minority partner, providing about 12 per cent of the total syndicate debt. “Our track record with Ballymore is strong and this new facility is our commitment to continue financing new A-graded sustainable homes.

Source: The Irish Times November 24, 2025 16:48 UTC