Friday 18 August 2017

New director at Ganly Walters

Inistioge Garda station, which sold for €132,000
Inistioge Garda station, which sold for €132,000
Peter Flanagan

Peter Flanagan

Ganly Walters has appointed a third director to its board.

Head of commercial Evan O'Reilly, joins chairperson Karen Erwin and managing director, Robert Ganly on the company's board.

A chartered surveyor, Mr O'Reilly has over 16 years experience in commercial property. He was previously a director of Turley Property Advisors in Dublin and following that a director of IP Global, working in Hong Kong and Singapore. He returned to Ireland from Asia to join Ganly Walters in March 2014.

Mr O'Reilly was first appointed head of investment at Ganly Walters on joining the company and later went on to become head of commercial.

He will continue to head up Ganly Walters' commercial wing and lead the team in the continued development of the company's business in the investment, office agency, retail, development land and industrial sectors.

Mr O'Reilly's appointment came as Ganly Walters' auction team, GW2, completed the sale of seven former Garda stations and one former Garda residence.

Of the eight properties, six sold for higher than the advised minimum value.

The dearest lot was Ballyragget with an AMV of €50,000 which sold for €141,000, Inistioge with an AMV of €75,000 sold for €132,000 followed by Geashill with an AMV of €50,000 which sold for €123,000.

The Garda station at Johnstown sold for €115,000 compared to its AMV of €75,000, while Ballinakill went for €92,000 compared to its AMV of €40,000.

Abbeyleix, which had an AMV of €45,000, sold for €103,000.

There were over 100 people in attendance at the Newpark Hotel in Kilkenny, 76 registered bidders from all over Ireland and the UK with the vast majority being sold locally providing affordable house for the community.

Robert Ganly commented that he was "delighted" with the sales.

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