Gresham House Ireland scales up its Real Estate executive team

We are pleased to announce several changes to our Real Estate senior management structure as we prepare for the next wave of growth in the commercial property sector in Ireland.

Steven Fagan has been appointed as Managing Director of the Real Estate team, with Killian Morris joining the company as Property Director. John Bruder, currently Managing Director, moves to the role of Executive Chairman and will drive the Real Estate team’s growth strategy.

Gresham House Ireland Real Estate was formed following the acquisition of Burlington Real Estate by Gresham House Ireland in 2022.  John Bruder – who set up Burlington Real Estate in 2012 – joined Gresham House Ireland as Managing Director of the Real Estate team at the time of the acquisition.

The Real Estate business is an independent commercial property asset and development management company which works with a range of institutions and HNW individuals. It manages or advises assets of €330 million as at 31 December 2024. The portfolio includes the Gresham House Commercial Property Fund which was launched in 2016. This fund has won the MSCI European Property Investment award for best performing Irish portfolio every year since 2019.

The Gresham House Real Estate business is currently managing the redevelopment of 100,000 sq. ft. of office space in Ballsbridge (Carrisbrook House – opposite what was Jury’s Hotel).  In 2022, the team completed the redevelopment of the Frascati Centre in Blackrock, Co Dublin which involved the expansion of the shopping centre and the addition of 45 apartments.

Executive Chairman John Bruder is one of the most experienced players in the commercial property market in Ireland. He is a former CEO of Treasury Holdings and former Head of Property with AIB Investment Managers.

Steven Fagan is promoted to Managing Director from the position of Head of Property and Asset Management.  He is a Chartered Surveyor who joined the business in 2015 having formerly worked in senior positions with CBRE.

Killian Morris has joined the Gresham House Ireland Real Estate team as Property Director. His experience includes working on a range of properties located in the UK and Ireland with Invesco Real Estate, St Modwen plc and more recently Whitebeam.

John Bruder said the changes were part of a planned expansion of the Gresham House Real Estate team 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.  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.”