Dublin property advisers HT Meagher O'Reilly has announced it is linking up with one of the world's largest independent property consultants King Sturge.
The new association will allow the Dublin firm to offer an international service through offices in all major European capitals as well as the US and Asia. In the UK alone (where Irish investors spent over €5 billion in property transactions last year) King Sturge has 27 offices servicing all sectors of the market.
The link up has already allowed HT Meagher O'Reilly to acquire over €300 million worth of property investments in UK and Europe. Several other significant deals are also ongoing.
The Dublin agency says it has handled over €2 billion worth of business since it was founded in May, 2004, by James Meagher, Adrian Trueick, Declan O'Reilly and Deirdre Hayes. The deals included the purchase of the AIB Bankcentre in Ballsbridge for Hibernian Life & Pensions, the forward funding of Eircom's new HQ opposite Heuston Station for Quinlan Private and the sale of 24-26 City Quay in Dublin 2 to Irish Life.
Declan O'Reilly said that, with Irish investors spending over €10 billion annually on commercial property worldwide, the domestic market now accounted for less than 25 per cent of the total. With so much of the demand focused outside of Ireland, investors increasingly relied on property advisers who could provide a global reach, with access to local knowledge in all of the key international markets.
Chris Ireland, the UK managing director of King Sturge, said it was critical for them to have a relationship with a top performing company in Ireland as the country continued to power ahead of the rest of the European mainland. "HT Meagher O'Reilly's high performance over the past three years has been outstanding and we look forward to working closely with them."
Surveyors firm changes name
The long established firm of Davin Chartered Surveyors is to trade in future as Browne Corrigan Chartered Surveyors following the retirement of the senior partner Sean Davin.
Peter Browne and Robert Corrigan, who joined the practice in 1991 and 2000, respectively, will continue to drive the business which was formed in 1974.
The practice specialises in acquisitions and disposal of investments, office and retail properties, as well as professional services including rent reviews, valuation and lease renewals.
Some of the high profile deals Browne Corrigan has been involved in over recent months include the acquisition of the former Hume Street Hospital for around €30 million and the sale of the Castlemarket retail investment portfolio where the overall sales reached almost €35 million.
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