Ireland: CompassRock has appointed international property management strategist Pierre Melhado as head of Ireland.
Melhado will lead on new third-party management mandates that CompassRock is working on and oversee the team already in place. Melhado brings 20 years of industry experience to the role, including extensive experience of high velocity leasing, expense reduction, project management and maximised organisational efficiency.
“CompassRock and sister company Global Apartment Advisors (GAA) have a strong, well-established foundation as the asset, property management and go-to consultancy services provider for the rental living sector in Ireland. I am delighted to have the opportunity to build on that work with an exceptionally talented and knowledgeable team,” said Melhado.
Melhado comes to CompassRock from the US, where he most recently served as COO of Bayshore Properties, a vertically integrated property management company where he was instrumental in scaling the platform from 3,000 to more than 7,000 apartments. His previous experience includes senior operational and property management roles at global real estate investment firm CA Ventures in London, Magnolia Capital, Beztak Properties and Laramar Group.
CompassRock’s sister company, GAA, has a long track record of working in Ireland, with services including design input, market research, operational budget creation, mystery shops of operational Built to Rent (BTR) assets, planning application management strategy reports and resident surveys. GAA’s work in Ireland has also focused on building BTR opco companies, providing detailed business plan covering topics such as branding, marketing, tech, leasing, compliance, staffing, hiring and training, including10-year business plan cashflows. The firm’s clients there have included Chartered Land, Lioncor, Richmond Homes and O’Flynn Group.
David Woodward, CEO of CompassRock International, said: “We are thrilled to welcome Pierre to the CompassRock Team. I have known Pierre for over 20 years and have worked with him on some very large and challenging multifamily projects in the US. Pierre’s vast experience both in the US. and internationally will bring global best practices to the Irish market. In addition, his track record in working with third-party asset and property management clients will allow CompassRock to further grow our Irish platform. Also, he will bring a local level of support to CompassRock’s sister company, Global Apartment Advisors, to provide a wide range or living sector consultancy to the Irish market.”
