Ires board under pressure despite winning crucial vote

Ires chairman Declan Moylan (left) and company chief executive Margaret Sweeney. While the Ires board successfully defeated the resolutions, it did so with around 60% of the vote on each which means there remains a significant contingent who are still interested in potentially liquidating the company.

Pressure continues to mount on the State’s largest private landlord despite it seeing off a shareholder revolt at an extraordinary general meeting (EGM) on Friday.

Irish Residential Properties REIT (Ires) owns 3,734 apartments most of which are located in Dublin aside from a 50-unit block in Harty’s Quay in Cork.