Property

Johnny Ronan’s empire reels as receivers appointed to 17 prized Dublin assets

In addition to the portfolio of 12 in contention last year, this year’s receivership involves junior lender Fortress appointing receivers over five more assets

Johnny Ronan has consented to the move and invited Bank of Ireland and AIB, as senior lenders, to appoint a receiver to manage property assets “after careful consideration”

Readers would be forgiven for having a sense of déjà vu seeing the news last week that receivers have been appointed over a portfolio of Johnny Ronan’s prized property assets.

This is because the well-known developer was in a very similar situation in March of 2022 when receivers were appointed over the same portfolio of 12 assets, which includes the historic Bewley’s Café on Grafton Street and Connaught House on Burlington Road.

The difference this ...