Property trust well-positioned after €317m spend

Irish Residential Properties (I-RES) REIT invested €317m in the six months to the end of last year and looks well-positioned to take advantage of a changing rental market in 2015.

Property trust well-positioned after €317m spend
Tue, 10 Feb, 2015 - 00:00
Peter O’Dwyer

The I-RES portfolio was valued at €323.6m at the end of December last with a net asset value up 1.3% from June.

Having listed with a seed portfolio of 338 units, valued at €45.5m, I-RES added 866 units via three transactions over five months.

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