Treasury Holdings has called on the Government to appoint an independent mediator to unlock value for the taxpayer by securing the sale of its Nama-based loans.

Treasury Holdings and its owners Richard Barrett and John Ronan are being sued by Nama in a bid to reverse a controversial transaction where €20m shares were allegedly transferred out of the group to the benefit of Mr Barrett and Mr Ronan for €100,000 and unsecured loan notes.

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.

Google has acquired the Montevetro office building on Barrow Street from Real Estate Opportunities plc (REO). Treasury Holdings is the investment manager for REO and a majority shareholder in the company.

IT appears that the stress associated with being the number one 55-year-old multimillionaire that 20-something Irish models can’t get enough of has finally got to property tycoon, Johnny Ronan.

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