Property
Ires Reit board says ‘no external evidence’ sale would currently benefit investors
Vision Capital Corporation, which owns a 5 per cent stake in Ires Reit, issued an open letter to shareholders last week to express “concerns” about the company
The board of Ires Reit, the country’s largest private landlord, has said there is “no external evidence” that a sale of the company “would be successful in delivering significant upside at the current time”.
“Formal sales processes are uncertain, disruptive for the business and stakeholders,” the board said on Monday.
The comments come after Vision Capital Corporation, which owns a 5 per cent stake in Ires Reit, issued an open to other shareholders in Ires ...
