Nama said on Tuesday that developer Johnny Ronan and US investment firm Oaktree have signed up to buy an 80 per cent stake in the former Irish Glass Bottle site and an adjoining plot in Dublin. However, The Irish Times reported in October, long after the initial completion deadline had passed, that RGRE had changed partners to join forces with Oaktree. Together with Oaktree, Lioncor and Nama, we are proud to have been entrusted with the responsibility of realising the site’s full potential. The RGRE-led bid was well above the original €125 million guide price and rival offers. Becbay acquired the holding in 2006 for €412 million in an Anglo Irish Bank-backed deal.

Source: The Irish Times December 22, 2020 16:30 UTC