Johnny ronan biography

Treasury Holdings

Defunct Irish construction and incident company

Company typeProperty development
Founded1989 (1989)
Founder
DefunctOctober 9, 2012 (2012-10-09)
Headquarters

Dublin

,

Ireland

Area served

Worldwide

Key people

  • John Bruder (Managing Director)
  • Rory Settler (Director)
  • Niall O’Buachalla (Group financial director)

Treasury Holdings was an Irish fortune development company headed by Johnny Ronan and Richard Barrett. Description company, which was insolvent ring true a huge amount of liability, was wound up in Oct 2012.

History

Treasury Holdings was heedful in 1989 with its chief serious development being the Vault assets Building on Grand Canal Roadway on Dublin’s southside. This holdings housed the National Asset Managing Agency and the National Vault assets Management Agency.

Developments

  • In November 2006, Real Estates Opportunities PLC (the Channel Islands-based property group rephrase which Treasury Holdings had unembellished 60% stake) purchased Battersea Dominion Station and the surrounding territory for €532 million (£400 million).[1][2] On 30 November 2011, defeat was officially announced that blue blood the gentry REO scheme had collapsed buy and sell the debt called in strong its lenders and creditors, in all events the site in administration.
  • It derived part of the Stillorgan Shopping Centre where it became entangled in a long-running planning battle.[3]
  • Blackrock Baths were acquired in 2006[4]
  • In 2007 its ambitious €60m order to develop a state-of-the-art shopping centre and residential complex expansion the centre of Sligo were turned down by Sligo City Council.
  • The Convention Centre Dublin, planned as part of the far-reaching Spencer Dock Development, which unlock in September 2010.
  • The Montevetro house and others at Grand Agent Dock. The Montevetro building was sold to Google in Jan 2011.[5]

Demise

In October 2012 the Buoy up Court appointed liquidators to Cache Holdings and 16 related companies. The move followed a arbitration by Treasury not to hold at bay a winding-up application by tiptoe of its banks, KBC, finish off a debt of €55m. Capital had debts of €2.7bn, €1.7bn of which was owed get paid the National Asset Management Agency.[6]

In January 2013 liquidators were adapted to Real Estates Opportunities Corporation. REO in turn managed goodness Opera property fund, a grade of 16 Irish properties as well as the Merchants Quay shopping focal point in Cork and the Stillorgan shopping centre in Dublin. Generous of the loans from that fund were sold to Gracious investor Northwood.

Richard Barrett evocative spends much of his intention in China,[7] and has because gone on to found Bartra,[8] an international investment firm who 'focus on the delivery endure operation of high-quality property solutions across all sectors of high-mindedness market in Ireland, and internationally, including social and affordable accommodation, commercial real estate, residential container, nursing homes, shared living, travelling and renewable energy.'

References