Discussions between Sherry Fitzgerald and Knight Frank Ireland are at an advanced stage, focusing on a potential deal that would enhance Sherry Fitzgerald's position in the commercial property market. Castlegate, which acquired Sherry Fitzgerald in 2022, is exploring further development opportunities. Sherry Fitzgerald returned to profitability in 2023. The transaction saw significant financial implications for involved parties, including a notable payout for its founder, Mark FitzGerald. The potential acquisition aims to create a significant property entity in Ireland.
"A deal between the parties would create an Irish property behemoth, with industry sources saying that Sherry Fitzgerald is eager to expand its offering in the commercial sector."
"Sources in the property sector say discussions between the parties have been ongoing for much of this year, but have recently progressed and are now at an 'advanced stage'."
"Sherry Fitzgerald's most recent set of accounts showed the group swung back into profit in 2023, making €1.3m following a loss of €226,000 the previous year."
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