The word "Caelum" contains an emotional tribute, vital for its founders and stands for one of the constellations in the Southern hemisphere sky.
Caelum Development is an Investment Group which was established in 2002 by a group of private Irish investors, experienced in the real estate market. Caelum, with its headquarters in Warsaw, operates in Central-Eastern Europe, specifically in Poland and Romania.
Caelum's most recent transaction has been the sale of its share parklake plaza to sonnae sierra its development partner.
President Caelum Development
As a qualified chartered accountant, early in his career David's talent was recognised by leading Irish companies, where he quickly climbed the corporate ladder into senior roles in finance.
His passion for property saw him headhunted by one of the leading Irish property developers at the time where he had overall responsibility for the group's finances as well as being intricately involved in all the group's transactions.
In early 2000, David liquidated his own personal portfolio in Ireland and the UK based on his strong views that the markets had peaked. He researched other European markets and had the vision to enter the Polish market in 2001 to invest his funds long before institutional capital. David's entrepreneurial skills and intuition resulted in impressive track record of acquisition and disposals, that set the benchmark in Poland before institutional capital was ready to invest in the Polish market.
David is a highly recognised and regarded expert on the Polish property market overseeing one of the fastest growing real estate companies that entered the market in 2002 with award winning shopping centre developments. David qualified with an economics degree from university college Dublin and qualified as a chartered accountant while employed by KPMG.
Vice-President Caelum Development
Derek is the Vice President of Caelum Development and also an executive board member of ParkLake Shopping SA - our joint venture company with Sonae Sierra.
Derek graduated from University College Dublin with an Honours Bachelor of Commerce Degree and subsequently became a member of the Institute of chartered accountants in 1990.
Derek practiced in leading worldwide accountancy firm, Grant Thornton specializing in Corporate Finance before moving into a high profile career in senior Finance Positions in industry. Until 2004, Derek was Group Financial Controller of Fyffes plc, Irish retail Operations (Fyffes is now part of Japan's Sumitomo corporation).
On entering the Polish Real Estate market, Derek played a key role in expanding the business over the last 14 years and was responsible for the establishment and supervision of an in house specialized Finance and Legal team.
Group Transaction Funding Director
Country Manager France