Sign up to The Irish Times Archive (1859 - 2008)My Account »

Tue 05 May 2007Blackrock in venture to develop Edinburgh siteBlackrock International Land has established a 50:50 joint venture with Scottish property developer Applecross Properties to develop an 8.82-acre site in Edinburgh.Blackrock is to sell the former Edinburgh fruit market and a number of adjacent properties to the new joint venture for £18.5 million (€27 million), thereby realising an initial profit of £1.5 million.