Treasury to develop Russian palace scheme

Treasury Holdings, the property development firm run by Johnny Ronan and Richard Barrett, is to develop 700 homes in the grounds of the Catherine Palace near St Petersburg in Russia.

16th September, 2006

Treasury Holdings, the property development firm run by Johnny Ronan and Richard Barrett, is to develop 700 homes in the grounds of the Catherine Palace near St Petersburg in Russia.

A hotel, leisure facilities and two 18-hole golf courses are also to be developed in the 925-acre grounds of the palace.

The 250-year-old palace is 25 kilometres south of St Petersburg and was the summer residence of the tsars of Russia.

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