Corporate Overview
Our Core Objective
Management is focused on delivering increasing value for our stakeholders through innovative investment and development. Our core objective is to provide our shareholders with superior returns through outstanding performance.
Our Origins
Balmoral commenced operations on 11 May 2006, as Blackrock International Land plc, by acquiring the property undertaking of Fyffes plc, together with related debt due to Fyffes and ancillary net liabilities. Consideration for the transaction was settled by a one-for-one issue of Blackrock shares to Fyffes' shareholders. On 12 May 2006, Fyffes subscribed €83m cash for a 40% shareholding in Blackrock. Part of the proceeds was used to repay the debt due to Fyffes.
The initial portfolio comprised investment properties generating substantive rental income and other properties with significant development potential.
Several of the properties continue to be occupied by Fyffes and Total Produce plc (which demerged from Fyffes in December 2006) under short-to-medium term arms length operational leases.
In October 2010 the Company changed its name to Balmoral International Land plc (Balmoral).
On 1 September 2011 as part of a group re-organisation, Balmoral International Land Holdings plc became the holding company of Balmoral International Land plc, with existing shareholders, receiving an equal number of shares in the new holding company.
On 4th December 2024 the company was taken private and renamed Balmoral International Holdings Limited.