Property developer Johnny Ronan and the Ronan development group (RGRE) have agreed to a settlement that will put to bed a series of court cases against the Fortress Investment Group, its lender on several high-value Dublin properties. In July 2023, companies in the Ronan group lodged damages claims against the US lender in the Commercial Court over its alleged failure to engage with RGRE’s efforts to refinance its loan facilities. At the time, the group’s collective liabilities to Collir, a fund controlled by Fortress, was circa €93 million plus an exit fee for a disputed figure of either €21 million,…

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