Johnny Ronan is fighting a rearguard action to reclaim his €150 million Dublin property portfolio as rivals close in on deals for the developer’s prized assets.
The properties — a mix of offices, retail units and apartments — are being sold individually, and many have gone sale agreed with different buyers in the past couple of weeks.
Property sources said that while Ronan had looked at a number of properties, he had not yet placed any successful bids. A spokesman for the businessman declined to comment last Friday.
The distressed portfolio was placed on the market in April by the receivers Mick McAteer and Nicholas O’Dwyer, of Grant Thornton. In June it was reported that Ronan was being backed by Landfair, a Swiss and British-based