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Ireland’s biggest landlord Ires Reit faces shareholder revolt after scathing criticism of directors

Vision Capital has asked other investors to vote against appointment of certain management staff to Ireland’s biggest landlord at upcoming AGM

Vision Capital has said it has been “misled, cajoled, and stymied” by directors in its efforts to change how Ires Reit is run. Picture: RollingNews

A significant shareholder in Ires Reit has issued an open letter to other shareholders to express “concerns” about the company, which is Ireland’s biggest landlord.

Vision Capital, which owns a 5 per cent stake in Ires Reit, said it is “evident that fundamental change is necessary” and it will vote against the election of certain directors at the upcoming AGM.

It said that it has ...