Treasury Holdings
| Property development | |
| Founded | 1989 |
| Founder |
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| Defunct | October 9, 2012 |
| Headquarters | Dublin, Ireland |
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Area served
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Worldwide |
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Key people
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Treasury Holdings was an Irish property development company headed by Johnny Ronan and Richard Barrett. The company, which was insolvent with a huge amount of debt, was wound up in October 2012.
Treasury Holdings was formed in 1989 with its first serious development being the Treasury Building on Grand Canal Street on Dublin’s southside. This building houses the National Asset Management Agency and the National Treasury Management Agency.
In October 2012 the High Court appointed liquidators to Treasury Holdings and 16 related companies. The move followed a decision by Treasury not to resist a winding-up application by one of its banks, KBC, over a debt of €55m. Treasury had debts of €2.7bn, €1.7bn of which was owed to the National Asset Management Agency.
In January 2013 liquidators were appointed to Real Estates Opportunities PLC. REO in turn managed the Opera property fund, a collection of 16 Irish properties including the Merchants Quay shopping centre in Cork and the Stillorgan shopping centre in Dublin. Some of the loans from this fund were sold to US investor Northwood.
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Wikipedia