AIB and Bank of Ireland have appointed a receiver over a number of significant commercial property assets owned by Ronan Group Real Estate Holdings Ltd (RGREH Ltd) after the property development company entered a consensual restructuring process with its banks to manage the refinancing of certain property assets. The banks have appointed Grant Thornton partners Nick O’Dwyer and Michael McAteer as receivers over properties including Connaught House on Burlington Road, AIB Investment House on Percy Place in Dublin 4, Kingram House in Dublin 2, and Kilmore House in Spencer Dock. RGRE, headed by the property developer Johnny Ronan, said the…

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