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TODAY'S OTHER NEWS

Major foreign estate agency poised to re-enter UK market

One of the most high profile estate agencies in the Republic of Ireland says it may re-enter the UK market after an eight year break.

“We are looking at opportunities in Ireland and in the UK” according to Stephen McKenna, chief executive of Sherry Fitzgerald. 

“We’re set up for growth and we need to look to expand. There’s expansion in the Irish market through further consolidation within the industry. We’re also looking at the UK, having been there before. There’s good opportunities over there potentially, even with Brexit.”

McKenna says in the Irish Times that Brexit - once it’s concluded - would probably lead to the release of pent-up demand in Britain.

In 2011, Sherry FitzGerald sold its majority share in London-focussed agency Marsh & Parsons for €44m.

Peter Rollings, who from 2005 to 2011 was chief executive at Marsh & Parsons, is currently a non-executive director of Sherry FitzGerald.

He also sat on the Sherry FitzGerald group board between 2005 and 2011 and later rejoined in a non-exec capacity.

Sherry FitzGerald has 96 offices across the Republic now and says it’s scheduled to top the 100 mark this financial year.

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