Knock Airport to bring Ballymore's Mulryan on board
Developer Sean Mulryan is set to join the board of Ireland West Airport Knock in the coming weeks, the Sunday Independent has learned.
The Ballymore Properties founder and Roscommon native - whose property group exited from Nama last December after repaying the entirety of its €3.2bn gross debt to the State agency - is understood to be one of three pending appointments to the board of the airport, which the late Monsignor James Horan founded in 1985.
A source familiar with the matter of Mulryan's expected arrival to the airport's board of directors described it as "quite a coup" given the Ballymore chief's reluctance in the past to involve himself in the management of companies outside of the Ballymore Group's direct interests.
"He's passionate in his support for the west of Ireland. So he was only too happy to be asked to join the board at Knock," the source said.
Mulryan's appointment is expected to be formally ratified in the coming weeks, along with two other new directors.
Having focused on London's docklands during the recession, Mulryan's Ballymore is back building in Ireland again. The group is developing Dublin Landings, a 93,000 sq m (one million sq ft) mixed-use scheme beside Central Bank HQ in Dublin's docklands.
Sunday Indo Business