Treasury Holdings restructures company

TREASURY Holdings, jointly owned by the media-shy business duo of Richard Barrett and John Ronan, has restructured the group into fourdivisions.

Its global reach is now represented by Treasury Holdings China, Treasury Holdings UK, Treasury Holdings International and Treasury Holdings Ireland.

Founded in 1989 the group puts its asset base at €5 billion. In a statement the company said that John Bruder, managing director of Treasury Holdings Ireland, would direct the growth and expansion strategy of the company’s property development business here which includes such high profile developments as Dublin’s Spencer Dock and the new national Convention Centre.

Given the emerging environmental challenges Mr Bruder said Treasury will look to deliver eco-friendly developments in its future property schemes.

Apart from its global property reach, Treasury is an investment adviser to, and shareholder in, the listed company Real Estate Opportunities (REO), linked to such developments as the proposed port development at Bremore in Co Dublin and the Stillorgan Shopping Centre, Dublin.

“In recent years, the scope of Treasury’s operations in terms of their geography, size and ambition has multiplied many times: the restructuring of Treasury Holdings will facilitate the management of the company’s further growth,” the co-owners of the business said.

Ireland has been the platform on which Treasury Holdings, and its associated company REO, has grown successfully over the past 14 years, he said.

“We have been the creators of many prestigious and ambitious projects in Ireland, including the new National Convention Centre; Spencer Dock, and the first ever Ritz-Carlton Hotel in the country,” he said.

He forecast much more to come including the proposed port development at Bremore in Co Dublin and REO’s redevelopment of Stillorgan Shopping Centre.

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