Treasury Holdings owned Battersea before the crisis. Its redevelopment is one of the most striking changes to London's skyline since. Whether its sale by Nama has cost the taxpayer remains unclear.
Shrewd, resilient, and ambitious, John Bruder has navigated Ireland’s property market from AIB to Treasury Holdings, founding Burlington, and now spearheading Gresham House Real Estate Ireland.
A report commissioned by the developer estimates that a new healthcare facility on the site of the former Irish Glass Bottle factory could cost up to €190 million and treat 70,000 patients in its first year.
Ronan’s RGRE Grafton Limited is the landlord of the iconic building. A judge in October ruled the rent be slashed in half to €738,000.
Previous appeals to An Bord Pleanála failed to overturn Dublin City Council's demand for 2020 and 2021 payments on the Appian Way site. This brings the payment demand over three years to almost €1 million.
The Currency understands the agreement between the Ronan group and the US investor puts an end to all litigation between the parties.
Paul McGlade, who died in recent days, was a consummate retailer with an instinct for knowing what to buy and how to sell it. His story, while relatively little known, is one of the all-time greats of modern Irish business.
The lawsuit is the latest front in an ongoing legal struggle between the Ronan group of companies and Fortress over the repayment of more than €100 million in development loans.
Four years before the disputed landed in court, the Ronan Group and CIE were in a protracted stand-off about the landmark 22-storey Tara Street development, legal correspondence shows.
Landowner CIÉ claims that Tanat Ltd is withholding a license fee payment as a “means of exerting improper pressure” on the transport company in respect of planning issues for the proposed landmark 22-storey AquaVetro Tower on the docklands site.
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