Ires says opportunities for extra revenue generation, including from car parking
Ires Reit
Iseq index sheds more than 1% as Ryanair falls
Settlement this week will see Ires support nomination of two Vision Capital candidates to board at the apartment owner’s agm next month
Property group refused nomination of number-one candidate Vision had put forward
Ires Reit says offer of two board seats has been rejected by Canadian investment firm Vision Capital
Company has been subject to campaign to put itself up for sale
Euronext Dublin up marginally at close of business on muted day for investors following St Patrick’s Day holiday
Byrne to succeed Margaret Sweeney ahead of forthcoming agm and amid ongoing strategic review
Muted reaction by Ires’s share price shows market not getting carried away by new investor’s presence just yet
US investment firm with €106 billion of assets under management declined to shed light on Ires investment strategy
Ireland’s largest private-sector landlord sold €96.5m of property last year to help keep its debt burden under Reit limit of 50%
Investment firm had backed attempt to replace five directors at egm
Most investors that voted by proxy before meeting cast ballots against activist shareholder resolutions
Vision Capital’s egm motions were defeated but Ires has committed to a strategic review that could ultimately see the Irish private sector landlord sold or broken up
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