Gift and lifestyle store, House of Ireland, has repudiated a lease to operate from the redeveloped Frascati Shopping Centre in Blackrock, Co. Dublin, in a row over a works compound for 45 apartments at the centre, it has been claimed in High Court proceedings.

REAL Estate Opportunities (REO), the Treasury Holdings-controlled property development company, slashed its pre-tax losses in its last financial year — from £828m to £77m (€86.37m) on the back of making lower impairment provisions on its property portfolio.

ACTIVITY levels in the Irish marketplace have picked up for Treasury Holdings — who say deals are being done at prices that enable commercial tenants to make money.

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