Property

Ronan keeps hold of 12 property assets after finalising €142m loan deal

The agreement will involve a consortium of Bank of Ireland and AIB providing refinancing to repay Ronan Group Real Estate’s creditor, M&G Investments, which fronted the loan in 2015

Developer Johnny Ronan will retain control of 12 prized property assets after his real estate company closed a refinancing deal to repay a €142 million loan

Developer Johnny Ronan will retain control of 12 prized property assets after his real estate company closed a refinancing deal to repay a €142 million loan.

Ronan Group Real Estate (RGRE) closed the deal, which will involve a consortium of Bank of Ireland (BoI) and AIB providing refinancing to repay M&G Investments, its creditor, on Friday.

The properties include Connaught House and Percy Place in Dublin 4, Kingram House in Dublin 2, Kilmore House in ...