Property Investment Experts from Ireland to headline Singapore Forum
For immediate release
The Irish Property Investment Forum will take place tomorrow – Friday, February 26th in Singapore. CEO of Jones Lang LaSalle (JLL) Ireland, Mr. John Moran; Director of Davy Fund Investment Services Mr. Tom Berrigan; and Ireland’s Investment and Development Agency’s Director of ASEAN & Taiwan, Mr. Gerard Whitty, will take the stage.
The event comes about in the midst of the economic recovery of Ireland’s economy, a period where investment from overseas is proving both essential to the recovery of the economy and extremely advantageous to the investor.
The successful bid of Singapore property developer Oxley Holdings of a 2.35 hectare commercial site at North Wall Quay in Dublin, will see the Oxley develop 60,000 sq m of Grade A office space and over 200 apartments on the site.
According to John Moran, Irish CEO of Jones Lang LaSalle, there are other similar opportunities available in the market that are proving of interest to foreign investors. According to Moran, “significant development and investment opportunities remain to take advantage of the acute supply shortages that exist for both business and residential space where end user demand continues to strengthen. We expect activity levels to remain around the €3billion euro mark with both overseas and domestic buyers transacting”.
Ireland was the fastest growing European economy in 2015, and continues its growth into 2016. “Ireland shares many of the same traits that have contributed to the global recognition of Singapore as a place to do business”, says Tom Berrigan Director of Davy, the largest independently owned asset manager in Ireland. “Investors are attracted to Ireland as it is the only English-speaking country in the Eurozone, with a young, highly educated & motivated workforce, coupled with an investment-friendly economy that actively courts foreign direct investment projects.”
The Forum will look at current investment opportunities in the Irish market by sector, role of international private equity in Ireland’s economic resurgence, comparisons between the legal framework in London and Ireland, and comparisons between the Singapore and Irish markets.
Kennedys Law, a global law practice with offices in Dublin, Singapore, London and 19 other cities, cites foreign investment in the Irish market as a major opportunity and has witnessed a large increase in interest over the last 12 – 18 months. Legally it is similar to investing in the London market, thus adding to the attraction for investors already familiar with the UK market. “The Irish market offers a well-regulated legal environment for fund-based investment and overseas investors take great comfort in that,” according to Philip O’Connor, Partner at Kennedys Law.
The Irish Property Investment Forum will take place at the Conrad Centennial Hotel, on Friday February 26th from 12.30pm – 2pm. Further details and registration information can be found at the Irish Chamber of Commerce (Singapore) website www.irishchamber.com.sg
Speakers & Topics:
- Investment opportunities in the Irish property market and investment outlook by sector: John Moran, CEO, Jones Lang LaSalle (JLL), Dublin
- The role of international private equity in Ireland’s current economic resurgence: Tom Berrigan, Director, Davy Investment Fund Services
- Ireland in context: Gerard Whitty, Ireland’s Investment & Development Agency (IDA)
John Moran, CEO, JLL Ireland
Tom Berrigan, Davy Investment Fund Services
Michael Walshe, Partner at Kennedys Law
Colin MacDonald, CEO Fine Grain Property
Niall O’Connor, Baker Anderson Asset Mgt.
Notes to Editor:
About the Irish Chamber of Commerce (Singapore)
The Irish Chamber of Commerce (Singapore) is a network of business professionals whose aim is to strengthen business connections in Singapore, and between Ireland and Singapore.
For more information please see www.irishchamber.com.sg
About the Event Supporters
Oxley Holdings Limited:
Fine Grain Property:
Halberd Asset Management