Ronan Group gets new business partner for Dockland towers

Colony Capital is selling its stake in 45-storey Project Waterfront and 22-storey Aqua Vetro buildings to Fortress Investment group

11th July, 2021
Ronan Group gets new business partner for Dockland towers
Johnny Ronan will have to deal with Fortress Investment Group, a US-based investment firm in his quest to build the 45-storey tower on Tara Street in Dublin. Picture: Tony Gavin

Johnny Ronan, the high-profile developer, has a new business partner to deal with in his long-running quest to build two large towers in central Dublin.

Colony Capital, the US firm, has struck a deal to sell its real estate portfolio in Ireland to Fortress Investment Group, a US-based investment firm, including its stake in the planned 45-storey tower as part of Project Waterfront and 22-storey Aqua Vetro tower on Tara Street.

Fortress, which is ultimately...

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