Landlord Ires sees revenue slip despite rising occupancy levels 

Revenues declined by 3.9% during the first three months of the year following the sale of a number of assets last year

In October last year, Ires completed the sale of 194 apartments and houses in West Dublin for more than €72m. 

Despite increasing occupancy levels, revenues at Ireland’s largest private landlord, Irish Residential Properties REIT (Ires), declined by 3.9% during the first three months of the year following the sale of a number of assets last year.

According to the company’s trading update, ahead of its annual general meeting, the company has seen occupancy levels increase to 99.5% which it said was “underpinned by exceptional demand for rental accommodation”.