Muted reaction by Ires’s share price shows market not getting carried away by new investor’s presence just yet
Capreit
Investment firm had backed attempt to replace five directors at egm
Activist investor is attempting to replace five board members
Iseq index finished down 0.6%, weighted down by banks and packaging names
Losing support of founding shareholder Capreit’s 19% stake in advance of crucial vote is a blow to property group
Group also signals likely movement of property management in house
State’s largest private residential landlord set for move following expiry of contract
Move comes as Ehrlich prepares to retire as chief of Canadian property trust Capreit
Agm hears concerns from shareholders over share sell-off by David Ehrlich at €4.2m profit
Shareholders and executives reap rewards of recovery driven by property supply shortage
Nearly 12 million shares sold to property trust’s biggest investor, Canada’s Capreit
Dalata tells Davy banks’ funding demands to curtail development as hotel room rates soar
Ires chief executive David Ehrlich receives €778,000 remuneration for 2016
Company had originally applied for 492-unit complex comes amid rocketing demand for housing in capital
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