The leading property advisory firm HT Meagher O’Reilly is to take over the Knight Frank brand in Ireland following the ending of the licence agreement between the global real estate agency and the Ganly Walters Partnership.

The new arrangement is expected to provide a major boost for HT Meagher O’Reilly, which has captured a substantial share of the commercial property market since the company was launched in 2004. It has been involved in most of the large scale office deals in Dublin in recent years and has also figured in many of the top investment and development land transactions.

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The company's new homes division has also made considerable strides in what has been a difficult market. HT Meagher O'Reilly has a staff of more than 30 and three main shareholders, Declan O'Reilly, James Meagher and Adrian Truick.

The link up will give the Irish company direct access to international markets and a higher profile for its residential business. Knight Frank has more than 12,000 employees in 350 offices around the world.

It is one of the top global property brands and was at the forefront of some of the high value transactions in recent months including Battersea Power Station in London.

Mr O’Reilly said the link up would give his firm unparalleled access to global capital markets at a time when Ireland’s property industry was starting to recover.

“This is an ideal time for us to use the Knight Frank network to bring much needed international capital and clients to Ireland.”

Mr Meagher said their new relationship with Knight Frank would bring their business global and provide their clients with access to an international audience.

“The HT Meagher culture built over the last 10 years of trust and dedication to client services will remain and strengthen. From a residential perspective, Knight Frank are a leading brand in international sales and this will also help us drive our residential business to the top tier.”