London coup for Sherry FitzGerald

IRISH property group Sherry FitzGerald is to be the majority shareholder in the €8 million buy-out of one of London’s larger and oldest estate agency firms, Marsh & Parsons.

And, set to be managing director of the Central/West London venture, which will facilitate further Irish investment into prime London property, is the highly regarded Peter Rollings, one of Britain’s highest profile estate agents.

He stepped down as managing director of Foxton’s, London’s largest residential property sellers, amid market speculation as to his next move. His involvement is seen as a coup for the Irish-backed purchase.