Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield To Acquire Its Irish Affiliate From Sherry FitzGerald Group

7/16/2018

More than 100 commercial property specialists in Dublin, Limerick and Galway will join one of the world’s largest real estate services firms

 

CUSHMAN & WAKEFIELD TO ACQUIRE ITS IRISH AFFILIATE FROM SHERRY FITZGERALD GROUP

July 16, 2018

image

Click to enlarge

More than 100 commercial property specialists in Dublin,

Limerick and Galway will join one of the world’s largest

real estate services firms


Managing Director Aidan Gavin becomes Cushman &

Wakefield’s Head of Ireland and joins its UK & Ireland

Executive Committee


Global real estate services firm Cushman & Wakefield today announces it has entered into a definitive agreement to acquire the commercial property arm of Sherry FitzGerald Group in the Republic of Ireland. The deal is expected to complete in early September 2018.

Cushman & Wakefield already has a 20% stake in the Irish commercial property business which operated as its exclusive affiliate in the Republic – rebranding two years ago as Cushman & Wakefield Ireland. The firm, which has more than 100 commercial property professionals and offices in Dublin, Limerick and Galway, will now be fully integrated into Cushman & Wakefield, one of the world’s largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries.

Managing Director Aidan Gavin becomes Cushman & Wakefield’s Head of Ireland and will also sit on the firm’s UK & Ireland Executive Committee.

Cushman & Wakefield will maintain its close affiliate relationship with the wider Sherry FitzGerald Group, which has a further 97 offices across the Republic. 

Colin Wilson, Chief Executive Officer, EMEA, Cushman & Wakefield, said: “This is an exciting next step in an exceptional relationship which first began 20 years ago and reflects the significant increase in cross-border projects on which our teams have been collaborating. We expect further growth as the Irish economy continues to strengthen and we integrate fully as a single firm with a truly seamless operation between Ireland and the UK. We are committed to profitably growing the scale and performance of our substantial EMEA business to deliver outstanding results for our clients.

Aidan Gavin, Head of Ireland at Cushman & Wakefield, said: “Our business has gone from strength to strength since adopting the Cushman & Wakefield brand and we have real momentum in the marketplace. We now have the opportunity to move to the next stage by leveraging the resources of our global network to shape the future of Irish property.” 

Steven McKenna, Chief Executive Officer at Sherry FitzGerald Group, said: “For Sherry FitzGerald Group this sale provides us with the opportunity to back our ambitious plans to continue developing our core Sherry FitzGerald business. We will shortly be opening our 100th office in Ireland and are equally focussed on providing a smarter business for the benefit of our clients through imaginative technology. It makes sense for Cushman & Wakefield to solely own their Irish commercial business and equally it makes sense for us to have a simplified ownership structure and single brand. We are also pleased to continue our extremely close professional relationship with Cushman & Wakefield Ireland.” 

As part of the transaction Cushman & Wakefield will also acquire, from Sherry FitzGerald Group, a minority share in its affiliate commercial property businesses in Cork and Belfast. The remaining equity, held by shareholding directors, is unaffected.

RELATED STORIES

dhl
JYSK • Real Estate
Learn More
Anděl Park office building, terrace
Anděl Park • ESG Services
The gradual increase of the certification score at Anděl Park office building in Prague is the result of our continuous professional and proactive asset management, project management and leasing skills, combined with our extensive experience with the certification processes.
Learn More

RECENT INSIGHTS

European-Retail-Radar-web-card
Research

European Retail Radar

A comprehensive overview of the retail industry across Europe, backed by thorough research conducted on transactions in 13 European countries and 231 cities.
Sally Bruer • 4/11/2024
Web card for Hotel Investor Compass
Research

European Hotel Investor Compass

Gain exclusive insights of the European hospitality sector with our in-depth Hotel Investor Survey. 
4/9/2024
Above the clouds (image)
Podcast • Economy

C&W: Behind the Numbers

Our experts cut through the noise to provide you concise commentary on only the most important economic and sector-specific commercial real estate data points.
4/4/2024

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
MORE OPTIONS
AGREE AND CLOSE
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS