Ronan Group Real Estate has bought four of its former assets out of receivership and brought them back under the control of the business.
The Group confirmed that it has taken back what it described as the “jewels in the crown” – 70 Grafton Street, home to PTSB and City Break Apartments, and 78-79 Grafton Street, the location of Bewley’s Café, in Dublin 2.
It has also bought back its stake in Percy Exchange on Percy Place in Dublin 4 and St James House on Adelaide Road in Dublin 2.
The transaction was concluded just three days after Dublin City Council granted planning permission to Ronan Group earlier this week for the construction of an office development and 550 homes alongside the new corporate offices for Citi currently under construction on its Waterfront South Central Development on Dublin’s north quays.
“This is another positive day for Ronan Group Real Estate following the news earlier this week that our plans at Waterfront South Central have been given the green light by Dublin City Council so we can forge ahead with the delivery of a large-scale office and residential development alongside the Citi building,” said Rory Williams, RGRE CEO.
