Ires activist investor wants firm to pay €425,000 of its campaign costs as compromise on board seats fails
Ires Reit says offer of two board seats has been rejected by Canadian investment firm Vision Capital
Margaret Sweeney
Ires net loss widens amid higher interest rates
Ireland’s largest private-sector landlord sold €96.5m of property last year to help keep its debt burden under Reit limit of 50%
Ires dissident shareholder lost egm battle but may still win the war for sale of property group
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
Ires says issue over EGM votes resolved ahead of deadline
Issues had been identified last week with votes cast via platform provider Broadridge Financial Solutions
Landlord Ires and activist investor trade fresh blows before crucial meeting
Each side accusing the other of seeking to mislead shareholders as State’s largest private landlord prepares to vote on its future
Ires taps board member for next chair amid strategic review
Move provides continuity at a time when the apartments owner is fighting against an attempted boardroom coup by an activist investor
Ires Reit: Ireland’s biggest private landlord has year to forget as activist investor wants it put up for sale
Ires and other European property stocks have rallied since late October amid hopes the ECB will cut rates at pace next year
Margaret Sweeney to step down as Ires chief executive next April
Ires grew sharply under chief executive’s leadership yet shares have fallen sharply in past 18 months
Dublin Airport ‘confident’ of blocking night flight ban
Seen & Heard: Toll misery looms; Ires’ Sweeney faces further pressure; Glenveagh’s factory plans; Tetrarch gets Howth hotel permission; British families struggle with mortgage hikes
Biggest private landlord sells 194 Dublin homes to housing charity
Ires Reit to offload homes to Tuath Housing Association for €72 million
Ires Reit finds itself most unloved stock on Iseq 20 as rates bite hard
Would-be buyers of Ires assets know they are dealing with a motivated seller in a weakening market
Republic’s largest private landlord warns investors of rising political risks
Ires Reit profits rose by 15% to €67.5 million in 2021
Ires Reit to acquire Clontarf developments in €66m deal
Acquisition includes completed apartments and new development on adjacent site
More focus needed on gender equality in the management suite
Number of Iseq20 women directors is up to 31 per cent, but number who are executive directors stuck at one-in-10
Ires shares drift as investors monitor Sinn Féin’s showing in the polls
Market Beat: Prime apartments in Dublin generate rent to deliver an investment yield of about 3.6%
State’s biggest private landlord returns to black with profit of €27.4m
Ires Reit saw rental income grow by 5.9% to more than €31m in first six months of year
Ires hires finance chief from O’Brien’s Island Capital
Group also signals likely movement of property management in house
State’s biggest landlord increased revenue by 20% last year
Ires Reit says average monthly rent was €1,624 per unit, up from €1,596 the year before
Ires Reit completes purchase of Phoenix Park units for €60m
Deal takes State’s largest private residential landlord’s portfolio total to 3,834 units
Ires mulls in-house property management after paying €29m in fees
State’s largest private residential landlord set for move following expiry of contract
Ires Reit acquires 146 apartments at Phoenix Park Racecourse for €60m
Ireland’s largest private landlord will pay an average €410,958 per unit
Ireland’s top 20 Iseq companies have highest ratio of female CEOs globally
Report highlights under-representation of women at top of corporate ladder
Ires Reit sells 151 apartment portfolio to Orange Capital for €48m
Landlord has rented out most of the 95 apartments it recently bought in Hansfield
Women accounted for 60% Iseq board recruits in 2019
Moves to improve gender balance in Irish boardrooms sees immediate results
State’s biggest landlord records 30% rise in rental income
Ires Reit portfolio grew to 3,739 units in first half of 2020, up from 2,771 this time last year
Ires defends 40% fee hike for its chairman
Remuneration committee increases Declan Moylan’s fees to €140,000 a year from February 2019
Ires shareholders urged to vote in protest over CEO’s pay package
Adviser ISS says huge salary and bonus increase to Margaret Sweeney was not flagged
No certainty on rent collection in coming months – Ires Reit
State's largest landlord reports improved occupancy to 99% at end of April
Head of State’s biggest landlord receives 42% pay rise to earn €1.04m
Margaret Sweeney’s annual bonus increased by €112,000 to €442,000 last year
Ires hires contractor to build more than 60 apartments close to Croke Park
Townlink to build 61 apartments at Bakers Yard close in central Dublin, where the company already owns 86 units
Ires Reit to build 600 apartments despite political uncertainty
State’s biggest landlord to press ahead in absence of clarity on next government
Meet the artist who is ‘just itching to make more silk scarves’
Artist Niall Sweeney’s colourful and surreal exhibition, I Am The Cosmos, comprises eight prints and two silk scarves
IRES Reit granted permission for 428 Sandyford apartments
Scheme approved under the Strategic Housing Development planning process
Ireland’s top 20 bosses earn 41 times more than average employee
CEOs have secured collective pay rise of 13% while employee salaries rise just 1.5%
Profit at State’s largest landlord halves despite rent increases
Ires Reit eyes Brexit prospects, and points to ‘large mismatch’ in supply and demand
Ires Reit raises €134.2m to help buy 815 apartments
State’s largest residential landlord has also exercised an option to extend committed credit facilities to €600m
I-Res Reit to ‘consider options’ for funding ambitious pipeline
Company which controls 2% of State’s rental stock ‘very comfortable’ with its options
Ires Reit secures new €450m credit facility
State’s biggest private landlord agrees terms with five banks
The changing face of Irish home ownership – who wins, who loses?
Ireland is undergoing a shift from owning to renting. What does this mean for people?
Anger about housing should not be directed at Ires Reit chief
Pay of €680,000 to head up State’s biggest private landlord will not be celebrated
Values slide as Brexit and US data stoke fears of slowdown
Top Irish shares weak on volatile day with market heavyweight CRH down nearly 1.6%
Head of Republic’s biggest landlord gets a €330,000 bonus
Ires Reit head Margaret Sweeney was awarded a 100% bonus on her basic salary
Landlord Ires Reit reports surge in profits as average rents rise to €1,600
Additional dividend declared as full-year profits jump from €65.1m to €119.8m
Former Ires chief David Ehrlich to retire from board
Move comes as Ehrlich prepares to retire as chief of Canadian property trust Capreit
Budget winners and losers: Sector by sector analysis
Hotels and cars react to measures with horror while film and TV fared quite well
State’s biggest private landlord shelves 25% rent rise in Dublin
About 20 tenants of the Maple development in Sandyford were issued with rent increase notices
Fianna Fáil wants housing, health and company supports at centre of budget
McGrath tells PwC/Irish Times summit a pre-Brexit election would be ‘unwise’
Economy in cruise control but stormier skies ahead
Business Week: also in the news were bad loans, soaring profits and record-breaking Apple
Profits at Ires Reit more than double during first half of 2018
Ireland’s biggest private landlord laments ‘severe shortage’ of accommodation in Republic
Ires Reit chairman denies former CEO ‘bailed out’ of company
Agm hears concerns from shareholders over share sell-off by David Ehrlich at €4.2m profit
Your business this week: results, indicators and meetings
Thursday’s Future Scope event set to attract 1,200 attendees and 120 speakers
Property group asking €1,500 a month for one-bed Finglas flat
No rent controls for Ires Reit at Hampton Wood after it pays €40m for 128 apartments
Cashing in on the recovery of the property market
Shareholders and executives reap rewards of recovery driven by property supply shortage
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