Sherry Fitzgerald owner acquires commercial property advisory firm Knight Frank Ireland

The takeover is still subject to regulatory approval
Sherry Fitzgerald owner acquires commercial property advisory firm Knight Frank Ireland

(Left to right) Tommy Kelly of CastleGate Investments with chief executive of Sherry Fitzgerald, Marian Finnegan, chair of Sherry FitzGerald, Anne Heraty, chief financial officer of Sherry FitzGerald, Kevin Dufficy, along with Declan O’Reilly and James Meagher, co-founders of Knight Frank Ireland.

CastleGate Investments, which owns the estate agency Sherry Fitzgerald, has announced the acquisition of commercial property advisory firm Knight Frank Ireland.

CastleGate Investments is a privately owned company led by Tommy Kelly. It acquired Sherry Fitzgerald in 2022 for a reported €50m.

HT Meagher O’Reilly, which trades as Knight Frank Ireland, is a real estate consultancy firm specialising in commercial property agency, management, investment, and development.

Following the acquisition, Knight Frank Ireland will operate under Sherry Fitzgerald. The takeover is still subject to regulatory approval.

The founder shareholders and senior leadership team of Knight Frank Ireland will remain in place following the acquisition.

James Meagher, co-founder and director of Knight Frank Ireland, said the deal is a “natural evolution for our business”. Mr Kelly said the agreement underscores his company’s “commitment to long-term growth by scaling and enhancing our property advisory services and capability”.

“Knight Frank adds real depth in commercial property, in particular, and is highly complementary to Sherry FitzGerald’s outstanding market presence and brand.” 

Chief executive of Sherry Fitzgerald Group, Marian Finnegan, said this partnership enhances "our collective ability to serve clients across every property sector, grounded in trust and results”. 

Mr Kelly founded the ecommerce company eShopWorld in 2010. The company grew quickly before being taken over in 2021 completely by Asendia, a joint venture between La Poste group and Swiss Post. He would then go on to establish CastleGate Investments.

Sherry FitzGerald Group is one of the country’s largest estate agents. It has operations across residential property, financial services, and franchises.

The company has over 100 offices, including 73 operated by franchise members, and employing over 600 people nationwide. It also operates as Simon Brien in Northern Ireland.

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