Space Property Group has launched a new business, Quadrant Real Estate (QRE).
The business is a wholly owned subsidiary of the Space Property Group, which also controls the Allsop auction business.
In a statement, QRE said it was established to "drive the innovations needed in the market and will deliver director led, innovative solutions for tomorrow's real estate consumers".
In essence, QRE will run the private treaty arm of Space Property Group, while auctions will continue to run under the Allsop brand.
As a firm within the Space Property Group, QRE said it will have access to over 60,000 unique buyers, the largest property buyers register in the industry made up of both Irish and international clients across 147 different countries.
"With access to Europe's number one real estate auction business, Allsop and the highly innovative and successful online closing tool. QRE is strongly positioned to provide its clients with a unique range of asset management and professional services unlike any other firm heretofore.
Commenting on the launch, Space Property Group chief executive Stephen McCarthy said "Establishing QRE is the next logical step in Space Property Group's Irish business strategy. QRE has the strong desire to succeed and the people, passion, integrity and adaptability to build a dynamic real estate firm where providing innovative client solutions will be the number one focus".
Conor Whelan, director of Quadrant Real Estate and well known industry executive said, "In a relatively short space of time we have become recognised as a highly innovative firm that delivers a high quality professional service and strong results for our clients.
"We are very excited about the launch of QRE and look forward to continued development of the business over the coming years," Mr Whelan added.
The firm is acting as agent for a number of properties already. Bracken Court is a partially let office building located at the junction of Blackthorn Road and Bracken Road in Sandyford. The building was constructed in 2000 and comprises 26,500 sq. ft. with 59 car parking spaces. It is on the market for €2.75m.
33 Fitzwilliam Square and 24 Fitzwilliam Place are located in Dublin's Georgian Quarters. No 33 Fitzwilliam Square is occupied by Glandore Business Centres on long term lease at €112,000 per. The property extends to 420 sq m with three parking spaces. 24 Fitzwilliam Place extends to 500 sq m subject to planning permission. This main building requires some upgrade works. QRE are quoting €2m for each of these.