Irish investors have been buying into grand designs at English football shrines. They have shelled out more than €100million for residential properties in developments at Highbury and Wembley in North London.

Property investors from Ireland are reported to have paid out more than £40million for a stake in the planned transformation of Highbury where the current football stadium will be transformed into a residential development.

Selling agents also predict that Irish clients will invest an estimated £60million in the Wembley project.

The Stadium, Highbury Square redevelopment is part of a regeneration programme for the north London region.

The Highbury Project Islington, which will transform 60 acres, includes new leisure and retail spaces as well as Arsenal football team’s new ground the state-of-the-art Emirates Stadium at Ashburton Grove.

Managing director of Mannion auctioneers Seamus Mannion said many Irish investors in the development already owned London property.

Posted: 05|31|06 at 4:02 pm. Filed under: Property & Land.