Distressed Asset Sales And Price Realism Reignite The Dublin Office Market
After a moribund Q1, several new properties are being offered in Dublin's office market amid hopes they may help kick-start investment.
Source: bisnow.com
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Johnny Ronan's rollercoaster career takes another dip – The Irish Times
Reliance on expensive private equity funding created problems as value of commercial property assets fell post-Covid
Source: irishtimes.com
Banks to appoint receivers over portfolio of Johnny Ronan's Dublin properties
AIB and Bank of Ireland are set to appoint receivers over some of developer Johnny Ronan's prime Dublin property assets, including the historic Bewleys Cafe building on Grafton St and high-end offices in Dublin 4 and IFSC.
Source: independent.ie
Receiver appointed to Johnny Ronan portfolio that includes Bewleys Café
Active discussions are ongoing with an international investor, but developer’s property company missed deadlines set by banks
Source: irishtimes.com
Johnny Ronan in talks to sell Bewleys café building as part of €300m sale of prized assets
Should the proposed sale of the dozen properties go ahead RGRE could use the proceeds to pay down debts incurred as part of a refinancing arrangement with Bank of Ireland, AIB, and Fortress Investment Group
Source: businesspost.ie