Business & Finance: Retail, Services & Leisure
Sat 02 Mar 2013
Retail, Services & Leisure
Mark FitzGerald is the CEO of Sherry FitzGerald, the Irish estate agency group that comprises different property advisory companies, including its commercial arm DTZ Sherry FitzGerald. The original company was set up in 1982, and has since grown to become Ireland's largest estate agency and auctionerring company.
FitzGerald claims that his fascination with property began when he was just 10 years old; on discovering an old 1926 Dublin street directory in his father's study. Therefore, he did not atend university after finishing school in Gonzaga College in Dublin, but instead studied auctioneering at the College of Commerce in Rathmines.
The youngest son of the late former taoiseach Garret FitzGerald, he joined FitzGerald & Partners Auctioneers in 1975. The company was then led by Alexis FitsGerald who, though not a relation, was a famil friend. In 1982, at the age of 25, Mark FitzGerald put together a merger of Sherry & Son and FitzGerald & Partners. When the newly-merged company started under his direction as MD, it had just one branch with 20 staff.
Sherry FitzGerald bought its majority stake in Marsh & Parsons in 2005 for about 2.7m. It then added another agency, Vanstons, for a similiar sum. In November 2011, the company agreed to sell Marsh & Parsons, to publicly qouted LSL Property Services for 62m in a deal that netted the Irish company more than 44m.
In 2007, the company celebrated its 25th annuversary by opening a 13,000 sq. ft. flagship premises in Ballsbridge as well as a branch in Greystones, Co. Wicklow.
Mark FitzGerald was also a director of the online venture MyHome.ie, which Sherry FitzGerald was instrumental in setting up in 2001. This leading property portal was sold to The Irish Times in July 2006 for a total of 40m.
He is a former chariman of Bord Iascaigh Mhara (the Irish Sea fisheries board) and is currently a non-executive director of Tedcastles, the Irish energy company. He is also a Fellow of the Irish Auctioneers and Valuers Institute.