Market Analysis
Ian Guider: New Ires Reit chief will face the same problems – high interest rates and €1,772 rents
Margaret Sweeney has said she plans to step down next spring but rent caps and rising loan repayments will hinder her successor
You have to go back almost a decade for the landmark deal that made the name of Ires Reit.
Back in 2014, the then recently formed property investment firm splashed out €50 million for a block of apartments beside the Marker Hotel in Silicon Docks. Renting the luxury pads cost a minimum €1,900 a month for a two-bed, then the highest in the city.
It signalled the arrival of Ires as the dominant name in ...