, has sold is remaining 9.7 per cent stake in the Republic’s largest private residential landlord, according to stock exchange filings.
Capreit earned almost €50 million in asset and property management fees from Ires between the IPO and a move by the Irish company to bring management in-house two years ago. The Irish Times reported in February that Capreit had sought a significant hike in potential fees from Ires in talks in late 2020 to extend an asset management contract, before the company decided to internalise management of the portfolio.’s strategic review started at the end of February and is now being led by its new chairman Hugh Scott-Barrett and chief executive Eddie Byrne.
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