Welcome back to Galway Chamber’s Business of the Week series. This week, we spoke to Claire Moran, Associate Director at Power Property.
My name is Claire Moran, I am a native of Claregalway.
I am an Associate Director at Power Property. I qualified with an Honours Degree in Real Estate from Limerick Institute of Technology and went on to gain a Higher Diploma in Business Studies from NUIG thereafter.
I have worked across both the residential and commercial property sectors for the past 9 years both in Ireland and overseas. I re-joined Power Property in 2016, having previously worked with the firm in our Limerick office as part of my college placement in 2007/2008.
Tell us about the business.
Power Property are Commercial and Residential Property Consultants, Chartered Valuation Surveyors and Estate Agents. We were formerly known as Power & Associates and rebranded to Power Property on the 1st February 2018. Our head office is based on 51 O’Connell Street, Limerick and we also have offices on Lower Merchant’s Road, Galway and Mardyke Street, Athlone.
Over the past twenty five years, Power Property has specialised in the provision of commercial property services and we have more recently created a residential division. The services provided by Power Property include; Valuations, Residential Sales and Acquisitions, Commercial Sales, Lettings and Acquisitions, Rent Reviews, Compulsory Purchase Orders, Rating, Asset Management and Development Consultancy.
All of our property surveyors are fully qualified to provide professional services to both the public and private sectors and are members of the Society of Chartered Surveyors Ireland, Royal Institution of Chartered Surveyors as well as RICS Registered Valuers.
Power Property is also a member firm of the National Property Consultants Partnership (NPCp) Limited which has 8 member firms located nationwide providing 26 County geographical coverage to undertake valuations and professional services.
How did Power Property get started?
PJ Power, Managing Director of Power Property established the company in 1993 in Limerick. The Galway office opened mid 2012 and subsequently the Athlone office opened in 2015. The firm has since expanded and now has a strong regional presence. Power Property currently employs 11 people including 7 qualified Chartered Surveyors.
What does Galway offer your business?
Galway is an excellent base for both start-ups, SME’s and multi-nationals. It is a global medtech hub, with eight out of the top 10 medtech companies having operations in Galway.
Galway is also compact enough to walk around most of the city, it is multicultural and has a young demographic and boasts plenty of skilled talent.
There is a great positive business culture in Galway also.
How has being a member of Galway Chamber helped you?
Galway Chamber is a particularly strong Chamber, it helps keep me in touch with the business community and developments outside of the property arena. I particularly enjoy the Business Before Hours networking events. It’s a great way to start the day and meet like-minded people.
Unfortunately, we were one of the many offices flooded in the New Year, thankfully we could avail of the Chamber’s meeting room on a few occasions while renovations were under way in our office. It is a great facility for all members to avail of at any time.
What is the biggest challenge, in your opinion, facing businesses in 2018?
I feel that as a country we went from little or no regulation to over regulation in a very short space of time. In my opinion, some regulations are over the top and hinder new business and should be reviewed by Government in conjunction with businesses leaders.
What changes have you seen in Galway over the last 5 years, with regard to doing business?
Thankfully the recession has passed and the negativity surrounding it has left with it too. Businesses are now confident about growth and many are now looking to expand and make changes within their organisation.
What one thing do you do every day that makes Power Property a success?
Work hard, network and most importantly keep enjoying what I do.