Treasury Holdings, the property development company owned by Johnny Ronan and Richard Barrett, received the ‘‘vast bulk’’ of the €10.6 million in management fees paid by closed-end investment fund Real Estate Opportunities (REO) for the first six months of 2007.
A spokeswoman for REO confirmed that Treasury Holdings was the main management company for the fund, but said Invesco had had some responsibilities during the six months.
Treasury will also make tens...
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