Companies

US investment fund snaps up 1.5% stake in Ires Reit

Starwood Capital has hoovered up more than 8 million shares in the listed property firm over the last week

The move by Starwood Capital is likely to spark industry speculation that the US investment fund is preparing the ground for a full takeover bid for Ires. Picture: Fergal Phillips

Starwood Capital, the global property investment giant, has hoovered up a large number of shares in Ires Reit, the listed Irish property group.

New filings show Starwood Capital has acquired more than 1.5 per cent of the shares in Ires Reit, the country’s largest private landlord, in recent days. The US investment fund, which is headquartered in Florida with around $115 billion of assets under management, has acquired more than 8 million shares in the ...