Companies

Bitter investor row at Ires Reit escalates as Vision Capital claims review plan is a ‘sham’

The dispute between the board of Ireland’s largest landlord and the Canadian activist investor comes ahead of a crucial EGM next month

Ires Reit chairman Declan Moylan and chief executive Margaret Sweeney: crucial EGM on February 16. Picture: David Cantwell

The bitter row between Ires Reit and its activist shareholder Vision Capital has deepened even further with both sides trading a series of fresh accusations ahead of a crucial shareholder vote next month.

Late on Thursday night, Vision Capital, the Canadian investment fund which holds a 5 per cent stake in Ireland’s biggest commercial landlord, issued a detailed and stinging report in which it accused the board and management of the Irish property company of ...