One of south Dublin’s best-known estate agencies, Daphne L Kaye and Associates, has been acquired by Sherry FitzGerald.
The deal – for an undisclosed sum – will deliver an immediate presence for Sherry FitzGerald in the lucrative Foxrock area where Daphne Kaye has dominated the residential property landscape for decades from her village premises.
Kaye’s Foxrock office will operate as Sherry FitzGerald from today. Kaye will join Sherry FitzGerald as a director of the residential business, maintaining close ties with the Foxrock branch, which will now be managed by Serena Maguire, who joins from the Bray office.
Daphne L Kaye’s business will provide a landmark presence for Sherry FitzGerald in the Foxrock, Carrickmines and Wicklow border area where detached homes on substantial sites routinely trade for multi-million euros. It brings to 17 the number of Sherry FitzGerald branches in the capital.
Clients of Daphne L Kaye and Associates have been notified of the change in ownership and given the option to remain with Sherry FitzGerald or switch to another agent. Any deposits currently on the books will transfer to Sherry FitzGerald within seven days.
Kaye told The Irish Times she was approached to sell the business three to four years ago, but “meaningful discussions” only began in earnest with Sherry FitzGerald in January of this year.
Commenting on the announcement, Michael Grehan, Sherry FitzGerald managing director said: “Daphne has been one of the leading residential agents in Dublin ever since she established her firm. She has gained a significant client reputation and is a very well-respected and popular figure within the industry. The addition of Daphne to our team will strengthen our client offering.”
Kaye’s husband and business partner Martin Gilmartin is to retain the lettings and management portfolio of Daphne L Kaye and Associates and will operate under the new trading name Trustee Property Management TPM.