Monday 27 February 2017

Back chat: Johnny's Easter Rising and the Nama 'winners'

Liam Fay

Back in business: Johnny Ronan's exit from Nama frees him up to return to property development
Back in business: Johnny Ronan's exit from Nama frees him up to return to property development
Willie O'Dea

Johnny Ronan's exit from Nama made headlines - and it's easy to see why. The flamboyant property developer was one of the biggest noises amid the cacophonous hustle and hype of the Celtic Tiger. His jet-setting lifestyle ensured he was a prominent fixture in the gossip columns and business pages.

Treasury Holdings, which Ronan founded and ran with Richard Barrett, built some of the capital's best-known buildings, including the Convention Centre, the Central Park business park, and Connaught House. Its Treasury Building on Grand Canal Street houses the NTMA and, ironically, Nama.

Ronan's financial woes were as high-profile as his successes. Treasury Holdings ultimately went into liquidation with debts of over €1bn to Nama alone. Protracted legal battles followed.

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Read More

Don't Miss

Editor's Choice