Why Tommy Kelly, one of Ireland’s richest men, bought Sherry Fitzgerald

When requested at an Irish International Business Network occasion on Thursday night why he had bought Sherry FitzGerald, the nation’s largest residential property agent, the tech entrepreneur Tommy Kelly quipped: “Blame Roy Barrett.”

Last 12 months Kelly employed Barrett, the previous head of Goodbody Stockbrokers, to run CastleGate Investments, a household workplace that may distribute some of the estimated €600 million fortune that the previous logistics firm proprietor amassed from the sale of his ecommerce firm eShopWorld (ESW).

Barrett, present chairman of the Football Association of Ireland, will now act as chairman of Sherry FitzGerald, which CastleGate has bought for a reported €50 million.

The sale of Sherry FitzGerald — or no less than the sale of a majority stake — had been touted since final October,

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