Quinlan Private has announced that its founder and chairman Derek Quinlan is to retire as chairman and partner from the property investment group. The 61-year-old has led the group since it was created over 20 years ago.
The former accountant and tax expert will remain a substantial investor with the firm. It will continue to be managed by its existing partners - Olan Cremin, Peter Donnelly, Thomas Dowd and Mark O'Donnell.
The group currently has more than €10 billion under management in 15 different countries.
Quinlan Private has invested in property across western European and in the higher growth regions of central and eastern Europe. It targets assets in the leisure and hospitality sector, retail, office and residential as well as development opportunities.
Its first major international deal was in 2004 when Mr Quinlan led a group of Irish investors to buy the luxury Savoy hotel group in London for €1.1 billion.
