Markets

Ires Reit: Market too ‘challenging’ for rapid sell off

The real estate investment trust’s first update on the strategic review has been inveiled

Ires added that it had “identified several initiatives” which could deliver value, such as revenue generation from car parking.

Ires Reit, the state’s largest landlord, has said a decline in investment volumes in the residential sector means an “accelerated sale” of its assets would be “challenging”.

In its first update on its strategic review Ires said it had engaged with specialist advisers, including Savills. The real estate agent said investment in the Irish residential sector was €240 million in 2023, 73 per cent below historical 10 year volumes.

The advisers told the Reit that ...