Michael Scully

Michael Scully is Managing Director of Castle Carbery Properties Ltd, which has been operating in the Polish market since 2002. To date, Castle Carbery Properties has acquired three office buildings in Warsaw, totalling €85m in investment on behalf of Irish investors and is developing five city centre shopping centres in southern and north western Poland which will have a completed value of over €250m.  Castle Carbery Properties retains the on-going management of these investments. Michael Scully also has extensive experience in investing in the Irish and UK property markets.

Michael Scully first went to Warsaw in 2002 to source investment grade property for Irish investors. At that stage, there was very little foreign interest in the market. He used this opportunity to establish contacts in the local real estate market. Since then he has built a reputation for quick decisions and closing deals, which has established his credibility in the Warsaw market. Having completed a number of high profile transactions, he has also developed a thorough understanding of the intricacies of the Polish legal system and has successfully raised competitive finance for these projects with a number of international banks operating in the Polish market.

Padraic Coll

Padraic Coll has spent the last 12 years living in Warsaw and is a fluent Polish speaker.  He graduated with a B.A. (Hons) in Accounting and Finance from Dublin City University in 1990 and is a Fellow of the Institute of Chartered Accountants in Ireland.  He was Head of the Treasury Department and a member of the Board of Management of the Bank for European Co-Operation in Warsaw (BWE).

Padraic founded Key Invest Sp z.o.o. in 2001, a Polish property investment and development consultancy which has advised clients on the acquisition of over €200m worth of property in the Polish market.  He is also a shareholder of Delpha Investments Group which has completed construction on a mid market apartment development of 9,000m² and is currently constructing an exclusive development of apartments and houses totalling 18,000m².


Projects completed by IGD and IGI

Michael Scully and Padraic Coll are founder shareholders of Irlandzka Grupa Deweloperska (IGD), which specialises in residential   property development in the Polish market and Irlandzka Grupa Inwestycyjna (IGI), which specialises in retail and commercial development in Poland.  The IGD and IGI Groups presently employ 40 highly qualified professionals at their head office in the Warsaw Financial Centre.  These include specialists in legal, acquisitions, engineering, project management, accountancy, sales and administration.

• IGI has extensive experience in site sourcing, design, construction, financing and letting of large scale shopping centres across Poland.
  
  Projects under development at present by IGI include;
  
  ►12,000 m² shopping centre at Oswiechim, Southern Poland
  ►18,000 m² shopping centre at Opole, Southern Poland
  ►40,000 m² shopping centre at Torun, North Western Poland
  ►5 star Hotel resort development, Southern Poland
  ►40,000 m² shopping centre at Lomza, North Western Poland
  ►50,000 m² shopping centre at Bialystock, North Eastern Poland

Investment projects completed include the following:

• City centre office block Bliski Centrum at Zurawia 8. Fully let c. 5,000 m²

• Antares building in Mokotow; Class A office. Fully let 14,500 m²

• Cirrus building in Mokotow;  Class A office. Fully let 22,700 m²

• Zoliborz Plaza office building (undisclosed price)

• Acquisition of 30,000 m² of industrial buildings for Irish Multinational manufacturing group (undisclosed price)

• Tesco supermarket at Iskra, Warsaw.  Let for 30 years (undisclosed price)

Castle Carbery Properties Ltd. - Dunowen Farm - Ardfield - Clonakilty - West Cork - Ireland.
Tel: +353-23-88 40635 - Fax: +353-23-88 57926 - Email: info@castlecarberyproperties.ie

Copyright Castle Carbery Properties Ltd. All rights reserved.
Terms & Conditions | Privacy Policy