Davy Real Estate’s €1.6 Billion Portfolio Acquired By Management

Davy Real Estate, one of Ireland’s largest real estate investment managers, is to be acquired by its Chief Executive, David Goddard, according to a statement by the broker Davy Group.

The deal means that Davy will focus on its core wealth management and capital markets advisory businesses, while the real estate arm will now operate as a separate entity trading as Lanthorn, the statement said on Tuesday.

All existing staff on the 16-strong team will transfer to Lanthorn which will assume responsibility for the management of a €1.6 billion ($1.7 billion) property portfolio which comprises of commercial and office space, ...