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Gresham House Ireland  |   View in Browser 

It gives me great pleasure this morning to update you on two fronts in respect of Gresham House and our operations in Ireland. 

Firstly, I am delighted to confirm that Gresham House has today announced a second significant deal in Ireland: the acquisition of Burlington Real Estate which is one of Ireland’s leading commercial property companies.

Many of you will know Burlington Real Estate. The company was set up in 2012 by industry stalwarts John Bruder and Niall Kavanagh. We have worked closely with John and his team over the past five years and we know first hand the quality of the team they have assembled in Burlington Real Estate and the value they will bring.

The acquisition is important in a number of respects and following the acquisition of Appian Asset Management in 2021, it confirms that Gresham House is committed to investing and growing its business in Ireland. We could not be happier with the news.

Burlington currently manages or advises assets of €340 million (as at 31 December 2021), which will bring pro forma assets managed or advised by Gresham House in Ireland to c.€750 million as at 31 December 2021. Burlington will remain Investment Advisor to the MSCI award-winning Appian Burlington Property Fund which invests in office, retail and industrial properties in the greater Dublin area and major regional urban centres, and also to the recently launched Gresham House Credit Union Income Fund which invests in social housing in Ireland. 

There will be no change to current operations within Burlington, and its 14 employees, including John and Niall, will become part of the Gresham House Group going forward. 

The second piece of news I wanted to update you on is the Gresham House plc (GHE:LN) Annual Results for the year ended 31 December 2021.


Annual Results highlights
  • Substantial AUM growth of 65% to £6.5 billion
  • Final dividend proposed to increase by 67% to 10.0 pence
  • International footprint established
  • VCT platform in the UK substantially enhanced
  • Further established market leadership in sustainability across battery energy storage, solar, wind, forestry, housing, and sustainable infrastructure
  • Continued investment in talent to build out depth and breadth of expertise
  • On track to deliver our upgraded GH25 AUM target of £8.0 billion 

📋 Please see the full announcement >>

Kind regards,


Patrick Lawless
Managing Director, Gresham House Ireland
Past performance is not necessarily a guide to future performance. Capital at risk.
This is not a recommendation to invest.


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IMPORTANT INFORMATION

Gresham House Asset Management Ireland Ltd is incorporated in Ireland as a private company with limited liability (registration number 364773). Its registered office and sole place of business is 42 Fitzwilliam Place, Dublin 2, Ireland. The Company is authorised by the Central Bank of Ireland as an alternative investment fund manager pursuant to the AIFM Regulations. The Company currently provides investment management services to the Appian Unit Trust and the Appian Investments ICAV.

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