Housing giants bail into new property website

Kevin Stanley, one of the founders of property REIT Cairn Homes, has joined Killian O’Higgins of Real Estate Advisors and Richard Barrett’s Bartra Capital in backing Realli, a new online property selling platform that aims to rival Myhome.ie and Daft.ie.

Documents filed to the Companies Office last week show that Stanley - who is chief commercial officer with Cairn - put €100,000 in Ramius, the company behind Realli.

Realli was founded by Hugo Mahony and his brother Conor and the pair have raised €225,00 from Bartra in two tranches, while O’Higgins has put in €100,000.

In August, Hugo Mahony told The Sunday Business Post that they were “focused on our customers, not out competitors, but we have big dreams about what’s possible in this space”. The company is based in Dogpatch’s start-up hub in Dublin’s docklands, and has an office in Ukraine.

Realli’s clients include Cairn Homes and Dublin developer Gerry Gannon, and Hugo Mahony told this newspaper in August that they had been “great advisers as well as customers”.

By Barry J Whyte