Companies
Ires Reit chair: Row with Vision Capital was ‘lengthy, damaging and costly’
Hugh Scott-Barrett also calls Ireland’s rent caps ‘draconian’ and an ‘impediment to inward investment’
Ires Reit’s dispute with Vision Capital, an activist investor, has been “lengthy, damaging and costly” for the state’s largest landlord, its chairman has admitted.
Speaking at the company’s AGM on Friday, Hugh Scott-Barrett said a recent co-operation agreement signed with Vision had resolved a long-running row during which the activist had called for a break-up or sale of Ires.
As part of the agreement, Ires agreed to recommend the appointment of two Vision Capital nominees, ...
