Frank Gormley
Chairman
Frank Gormley is Chairman and founder of Howard Eurocape. He is a Commerce graduate of University College Dublin and qualified as an accountant in 1979. Having spent several years working with KMPG in their Dublin and Cork offices, he has been involved in property investment since 1985. He set up in the property business with Greg Coughlan in 1987 doing refurbishment jobs in London. Together they reversed into Howard Holdings in 1996, then a public company. Frank moved back to Dublin to set up Howard Property Ireland in Dublin in 1998. Howard Holdings plc was then privatised in 2002. Frank has a wealth of experience in structuring investment and development opportunities with particular emphasis on combining public and private finance to profitably regenerate key urban locations.
Howard Eurocape was formally incorporated recently when Gormley divested his 30% shareholding in Howard Holdings. Gormley has taken around €1 billion of property with him throughout Ireland, UK, Central Europe and South Africa and operates from offices in Dublin, Johannesburg and Cape Town.
Gormley is also Chairman of International Housing Solutions, a company that provides finance and programs for low cost housing. Following a partnership with Munimae, a NYSE listed company, operations now exist in Ireland, UK, US, Middle East and South Africa.
Frank set up Eurocape in 2003 in Cape Town and the company has rapidly expanded with over 185,805m² under development and several hotels with over 500 bedrooms in Cape Town. Since entering the South African market several years ago, Gormley has become involved in numerous community development programs and charities. One of the focal aims of the inner city development underway in Cape Town, includes Mandela Rhodes Place and the Taj Hotel, is the revival of life within the city centre. The scheme aims to give back to the community by developing the surroundings into desirable public space. Streetscapes will have been redesigned to encourage public use and the retail element will breathe life back into the previously forgotten historical quarter.
