Mr Ronan – who came to symbolise the country’s property-driven boom-to-bust cycle after his firm, Treasury Holdings, crashed into insolvency in 2012 and spent three years in state administration – is careful to skirt that question.His business, Ronan Group Real Estate, is involved with France’s EDF and Fred Olsen Seawind in the Codling Park offshore wind farm that has successfully bid to supply 1,300MW to the national power grid.
One solution, he maintains, is higher-rise, higher-density development, a subject that has put him on a collision course with planning authorities. He recently lost a planning appeal to build a 10-storey apartment block in central Dublin.
He owns Ronan Group Real Estate with his three children and has a pipeline of projects in planning or pre-planning that add up to 2.5 million square feet of offices and 5,900 residential units with a total gross development value of some €5.2 billion. The company declined to give financial details but said it had investment assets of 11 prime buildings, mostly offices, around Dublin worth about €250mn.
He noted the irony that Irish fertiliser baron Sir Basil Goulding and his wife Valerie built a distinctive modernist summer house in 1972 in the rolling gardens of what is now Mr Ronan’s home, without planning permission. On the Citi building, “we are talking to four serious big occupiers,” for the 250,000 square feet still up for grabs there, including a “big American outfit that has some presence [in Ireland],” Ronan said. RGRE had also bought Citi’s old premises and was in talks to redevelop them, he added.
Property Property Latest News, Property Property Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: IrishTimes - 🏆 3. / 98 Read more »
Source: businessposthq - 🏆 8. / 71 Read more »
Source: businessposthq - 🏆 8. / 71 Read more »