Board of Ires REIT trade blows with activist investor over direction of the company

Irish Residential Properties Reit (Ires) chair Declan Moylan with retiring company chief executive Margaret Sweeney at the company's AGM last May.

The board of the country’s largest private landlord Irish Residential Properties Reit (Ires) has accused an activist investor shareholder, seeking additional control over the company, of publishing a “misleading” letter containing “inaccuracies” ahead of its EGM next month.

This is just the latest volley of attacks between the board of Ires and the firm Vision Capital which is seeking a number of changes to the landlord. On Thursday, Vision Capital published a letter refuting a number of accusations raised by the board of Ires to which the board has now fired back.