Business jumped almost 11 per cent at Sherry FitzGerald last year even as costs involved in the sale of the business hit profits. Photograph: Cyril Byrne, the State’s biggest estate agent, saw revenues jump almost 11 per cent last year, writes Ciarán Hancock, but costs associated with the sale of the business to Tommy Kelly’s CastleGate Investments meant it recorded a loss for the year.
The decision follows an eventful 10 months at the company, which has been targeted by a Canadian activist investor and had to sell off some of its assets in order to protect its financial position amid declining property prices as interest rates rose., the woman charged with leading the campaign by Web Summit to restore good relations with its sponsors after the resignation of founder Paddy Cosgrave.