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 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 ...