Sherry Fitzgerald’s British selloff

SHERRY FitzGerald is set to dispose of its British- based interests for around €44 million.

The Newcastle-based company, LSL Property Services has agreed to buy the upmarket London-based estate agency, Marsh & Parsons for £53m ( €62m).

Sherry FitzGerald — the largest estate agent in Ireland — currently owns 72% of the London company and, therefore, stands to make around £38m (€44m) from the deal.