Ires Reit rules out sale of company after receiving no offers during firm's strategic review  

Landlord said it would dispose of 8% of its total portfolio as part of a capital recycling programme

Ires Reit, which reported half-year financial results on Thursday, said its board has “unanimously concluded that, following rigorous market testing, a sale of the company or its assets is unlikely to maximise shareholder value”. Photograph: Sam Boal / RollingNews.ie

Ireland's largest private landlord, Ires Reit has ruled out the sale of the group or its assets, with no offers being made to buy the company during its long-awaited strategic review.

The review, which is now concluded, was undertaken following pressure from dissident shareholders who had mounted a campaign criticising the board's running of the company and its low share price.