Housing

Explainer: Why Ireland’s biggest landlord Ires Reit faces a revolt at its AGM

Ires Reit is expected to face calls on Thursday from a large number of investors to prepare the company for a private sale

Ires Reit faces a contentious AGM at the Marker Hotel on Thursday. PIcture: Fergal Philips

On Thursday, Ires Reit, the state’s biggest landlord, will hold its annual general meeting. It is expected to be the most contentious since it was formed in 2013.

The board of the €1.5 billion company faces a revolt from several large shareholders who have publicly voiced their dissatisfaction with the management of the firm.

In the build up to the meeting at the Marker Hotel on Grand Canal Quay, Vision Capital, an investor in Ires ...