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Ballymore and Penta join forces for £700 million London joint venture

Joint venture focused on two consented schemes in Canary Wharf and Nine Elms
The Capston at Embassy Gardens. (Ballymore)
The Capston at Embassy Gardens. (Ballymore)
CoStar News
December 10, 2025 | 9:30 AM

Ballymore and Penta Real Estate, the Central European real estate investor and developer, have formed a 50-50 joint venture to develop 680 homes across two London sites with a combined gross development value of over £700 million.

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