Property
Receivers appointed to portfolio of assets in Johnny Ronan’s RGRE property empire
The company said the consensual appointment of receivers ‘acknowledges that the loans on the properties in question need to be restructured as a response to current market conditions’
Johnny Ronan’s real estate group has consented to the appointment of receivers over a number of prized property assets it is currently in talks to sell to an international investor.
Ronan Group Real Estate (RGRE) said it had invited Bank of Ireland and AIB to appoint a receiver to manage property assets it owns “after careful consideration”.
The company said the move “acknowledges that the loans on the properties in question need to be restructured ...
