Ires eyes yield potential of Cork in growth plan

Since the introduction of tight new rules limiting Ires’s capacity to increase rents, acquisitions and development opportunities have become a major component of the company’s efforts to boost its bottom line

25th February, 2018

Ires, the state’s largest private landlord, is eyeing major acquisitions in Cork as it seeks to expand outside Dublin.

Ires chief executive Margaret Sweeney told analysts last week the company was looking to develop in urban centres that had strong employment, good transport links, local infrastructure and “family friendly neighbourhoods” with good schools nearby.

Sweeney particularly mentioned Cork as a new hunting ground for the institutional landlord, which floated on the...

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