Sherry FitzGerald has bought a 20 per cent stake in the Belfast commercial agency McCombe Pierce and Partners for £600,000 sterling (£788,436) its first acquisition in Northern Ireland.
Its UK-based alliance company, DTZ Sherry FitzGerald, has also taken a further 20 per cent interest in the partnership through DTZ Debenham Tie Leung.
The remaining 60 per cent will be held by the firm's existing partners, Mr Billy McCombe, Mr Michael Pierce, Mr Peter McMorran and Mr Colin McDowell. It will continue to trade as DTZ McCombe Pierce. The Northern firm, set up in 1994, is one of Belfast's leading commercial agents.
The firm's founding partner, Mr McCombe, will act as senior partner of DTZ McCombe Pierce, while Mr Killian O'Higgins, managing director of DTZ Sherry FitzGerald, and Mr Brian Penman of DTZ Debenham Tie Leung will represent the interests of the respective companies in the partnership.
Sherry FitzGerald executive chairman Mr Mark FitzGerald said the acquisition would make a considerable difference to the service it could provide to clients in the Northern Ireland market.
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