Friday June 5, 2020

In the pink: Johnny Ronan refinances his D4 palazzo

Latvian bank Rietumu Banka is one-third owned by billionaire financier Dermot Desmond

9th April, 2017
Johnny Ronan’s Venetian-style palazzo, on Burlington Road in Dublin 4, nicknamed 'the Pink Palace'

Veteran developer Johnny Ronan has refinanced his Venetian-style palazzo on Burlington Road at the heart of Dublin 4, with the backing of Rietumu Banka.

The Latvian bank, which is one-third owned by billionaire financier Dermot Desmond, is understood to be examining other deals in Dublin as part of its international expansion.

Ronan refinanced the six-bedroom townhouse – known locally as ‘the Pink Palace’, but formally as Embassy House – in a €5 million deal that also...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The former NTMA head says he is ‘quite alarmed’ at the potential for legal actions over the large number of deaths in nursing homes during the crisis

Michael Brennan | 1 month ago

Oil storage in the self-styled ‘Pipeline Crossroads of the World’ is full to the brim, but the black stuff keeps on coming. With much of the world’s economy in a Covid-19 slowdown, at one point last week, benchmark US crude oil was priced at minus $37.63 a barrel

Barry J Whyte | 1 month ago

Every time Donald Trump spoke on the Covid-19 crisis last week, the stock markets plunged by another point

Marion McKeone | 2 months ago