Property firm chaired by O’Dea sees turnover of €35m in 2019

British minnow Formation Group also invests in three Irish sites

15th March, 2020
Property firm chaired by O’Dea sees turnover of €35m in 2019
Willie O’Dea, Fianna Fail, during a canvass of Kileely in Limerick Picture: Arthur Ellis.

Formation Group, the British stock market minnow property firm chaired by Willie O’Dea, recorded €35.52 million in turnover last year, its latest results show.

It has put £10 million into development projects in Ireland, the Limerick TD said in his chairman’s statement.

“In June 2019 the group raised £10 million in additional share capital and, as announced in December 2019, this has now been invested into Irish development projects,” he said.

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