NAI Global Announces New Member Firm in Republic of Ireland
By Mel Fabrikant Tuesday, March 18 2014 @ 04:20 PM EDT
NAI Ganly Walters Joins Largest Independent Commercial Real Estate Network
NAI Global, the single largest, most powerful global network of owner-operated commercial real estate brokerage firms, today announced its newest Member firm, NAI Ganly Walters in Dublin, Ireland. Under the management of Karen Erwin, Chairperson, and Robert Ganly, Managing Director and NAI Global Business Director, NAI Ganly Walters brings a highly experienced team and deep knowledge of the local market to provide a wide range of commercial real estate services in the Republic of Ireland.
“The recovering market in Ireland continues to present opportunities for many of our Member firms, and we are delighted and proud to offer NAI Global Members and their clients access to this dynamic market through NAI Ganly Walters, one of the oldest and most respected real estate firms in Ireland,” said Jay Olshonsky, President, NAI Global. “We selected Ganly Walters as our local Member firm based on the depth of their local market strength, their 167-year heritage of successfully adapting to market changes and their enthusiasm to embrace the NAI Global tools, systems and managed platform to the benefit of their corporate clients.”
According to the firm’s 2014 Market Outlook, commercial real estate investment turnover in Ireland approached €1.9 billion in 2013, a four-fold increase over 2012, and is projected to repeat that this year, driven by both local and global demand. Irish institutions are seeing increased market activity, and demand from foreign buyers, especially from the US, Europe and Asia, remains strong.
“With Ireland being the first economy in Europe to come out of major debt rescheduling, the local market is seeing a significant level of activity on multiple fronts, particularly the opportunity to service across various markets in Europe and with the many US and international funds and investors active in Ireland today,” said Mauro Keller Sarmiento, NAI Global Executive Managing Director, International Business. “The addition of NAI Ganly Walters to the NAI Global network will help more investors take advantage of the opportunities in Ireland.”