Major shareholder calls for radical overhaul at Ires Reit as gulf between market value and assets reveals appalling state of Ireland’s rental market
It is quite the spectacle that the biggest landlord in the State, at a time of a housing crisis and record rents, is finding itself under pressure for not generating enough profits. That alone tells its own tale about the dysfunction of the property market in 2023.
Ires Reit, the owner of 4,000 apartments spread across Dublin, is in the ignominious position that its share price this month fell to an all-time low. Its stock ...
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