Gresham House Ireland has announced several changes to the senior management structure of its real estate division.
Managing director John Bruder will move into the role of executive chairman with responsibility for the real estate team's growth strategy.
Steven Fagan will replace him as managing director of the real estate team, and Killian Morris joins the alternative asset management and investment firm as property director.
Bruder joined Gresham House when Burlington Real Estate, which he founded in 2012, was acquired by the firm two years ago for an initial €1.8m
Bruder is a commercial property industry veteran as well as a former CEO of Treasury Holdings and a former head of property with AIB Investment Managers.
Fagan, who served as head of property and asset management prior to his promotion, is a Chartered Surveyor who joined the business in 2015 having formerly worked in senior positions with CBRE.
Morris' experience includes working on a range of properties located in the UK and Ireland with Invesco Real Estate, St Mowden plc and more recently Whitebeam.
Gresham House's real estate business is an independent commercial property asset and development management company that works with a range of institutions and high-net-worth individuals.
The portfolio includes the Gresham House Commercial Property Fund, which was launched in 2016 and has won the MSCI European Property Investment Award for best performing Irish portfolio every year since 2019.
Gresham House Real Estate is currently managing the redevelopment of 100,000 sq ft of office space at Carrisbrook House opposite what was Jury's Hotels in Ballsbridge.
In 2022, the team completed the redevelopment of the Frascati Centre in Blackrock, which involved the expansion of the shopping centre and the addition of 45 apartments.
Bruder said the changes were part of a planned expansion of Gresham House Real Estate and that he would remain centrally involved in the business.
"This further commitment by Gresham House to the Irish commercial property market is supported by improving market fundamentals – interest rates are declining, vacancy rates have peaked, and take-up rates for office space have shown a strong resurgence in 2024," said Bruder.
"In addition, business opportunities exist due to much of the existing commercial property stock needing to undergo rapid decarbonisation and enhanced energy performance to meet new legislation. Our team has the skills and track record to continue to be at the forefront of this accelerating property trend.
"I look forward to continuing to work closely with our existing and new key clients and supporting Steven as he assumes full operational responsibility.
"We are delighted to have Killian join the team given the wealth of experience he brings, both in Ireland and internationally.”
Photo: (l-r) Steven Fagan and John Bruder. (Pic: Supplied)
