I-RES snaps up Dublin apartments in €19.4m deal

Property investment company Irish Residential Properties Reit has announced an agreement to buy 92 residential apartments for €19.45m in a move that further strengthens its grip on the market in the capital.

I-RES has struck a deal with Tetrarch Capital to acquire the residential suites across four blocks of apartments at Tyrone Court in Inchicore, Co Dublin.

Commenting on the acquisition, I-RES chief executive David Ehrlich said the deal would strengthen its hand in a market close to its existing portfolio. “We look forward to completing this accretive acquisition shortly.