Agency re-launched to market
Ganly Walters traces its origins back to 1847 when it was founded by James Ganly in Co Longford.
Robert Ganly has been appointed the new managing director and is the sixth generation of the family to head the firm.
He has 40 years' experience in the estate agency profession and is a former president of the Irish Auctioneers and Valuers Institute.
Karen Erwin joins the firm as chairperson. She is founder and principal of Erwin Mediation services and is a former partner with A&L Goodbody Solicitors and a former executive director with 'The Irish Times'.
Andrew Watt has become head of commercial property and Ciara Horgan head of investment. Three directors of the business, which had been operating as Knight Frank Ireland, will continue as consultants to the firm while also pursing their own activities.
They are Paul McDowell, former managing director and fixed charge receiver; Keiron Diamond, retail director; and Calum Bain, residential director. Finance director Paul Hanna will continue as a financial executive for three months.
The firm, which employs 42 people, will continue to operate from the former Knight Frank Ireland offices at Percy Place, Dublin 4.
Mr Ganly said the firm will continue to provide clients with strategic advice across a full range of commercial and residential property services including investment, retail and office agency, development land and professional services as well as agricultural land and residential services in Dublin and country houses.
The business of property management company Knight Frank Management, a separate company, will in future trade as Ganly Walters Management Ltd as they will use the Ganly Waters name under licence.
Operating from the same Percy Place premises, its directors are Peter Moloney, managing, as well as Gerry Butler and John Mocker.
Mr Ganly said: "Buying back the company was the strongest indicator and faith that the property market is finally turning around after six years of turmoil.
"I see this as a key moment to invest in the future of property in Ireland and in a dynamic business with a fantastic team of people. We intend to build the business on a partnership model going forward."