Stock Take

More Ires Reit executives in firing line at upcoming EGM

Activist investor is seeking sweeping changes including a review of the group’s status as a Reit, a merger or even a full sale

Declan Moylan and Matgaret Sweeney of Ires Reit

The battle to decide the future of Ires Reit, Ireland’s largest private landlord, moved up a gear last week. And a major showdown is looming next month.

On one side of the battle is Vision Capital, a Canadian investment group that has been deeply critical of the Irish property company, particularly over how it is being managed.

Led by chief executive Jeffrey Olin, Vision began a public assault against Ires Reit in April last year ...