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.
A company in Johnny Ronan's real estate stable appealed Dublin City’s demand for payment on a Dublin 6 site for the second year running. It disputes the €4.5 million valuation and now owes the council a six-figure sum.
Commercial property firms are failing, restaurants are closing, streets are emptying. Billions in warehoused debt remains warehoused with the tax authority. These are some of the more obvious economic scars from the pandemic.
RGRE, the property group headed by Johnny Ronan, remains in talks with an international investor about the refinancing of loans relating to the assets.
Property developer Johnny Ronan is accused of trying to frustrate the multimillion-euro sale of lands in Cabinteely, south Dublin for commercial advantage. The High Court has been told there is a risk the preferred bidder will imminently pull out of the sale.
The French energy giant EDF made a remarked Irish entrance when it bought into the country’s largest planned wind farm a year and a half ago. The Currency can now reveal how much it paid Johnny and Conor Ronan and Richard Barrett in the deal – and how much it has yet to pay them.
Johnny Ronan’s property group is battling Colony Capital from seizing a prime site on the north bank of the Liffey. Affidavits, text messages and legal letters reveal how the relationship between the two long standing business partners disintegrated.
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