Johnny Ronan’s Ballsbridge loans, An Post and the GPO, and Google’s location issues

Business Today: the best news, analysis and comment from ‘The Irish Times’ business desk

Irish property developer Johnny Ronan.   Photograph: Bryan O’Brien / THE IRISH TIMES

Irish property developer Johnny Ronan. Photograph: Bryan O’Brien / THE IRISH TIMES

 

US investment group Colony Capital has bought about ¤80 million of loans advanced to Irish developer Johnny Ronan, which were used to purchase a prime site in Dublin 4 earmarked for Facebook’s new international headquarters. Mark Paul reports.

An Post plans to move its headquarters operation from the historic GPO in central Dublin as part of a major restructuring of the business that will also involve more than 250 voluntary redundancies. Eoin Burke-Kennedy has the details.

In her weekly tech column, Karlin Lillington takes issue with Google over revelations that even when millions of users of Android handsets or Google Maps on iPhones turned off location tracking, the internet giant was still tracking their location.

Concert promoters Denis Desmond and Caroline Downey have effectively sold half of their promotion company, MCD Productions, to the global music behemoth Live Nation. As Mark Paul reports, this will allow them to take some cash off the table.

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