Disgruntled Irish Residential Properties Reit shareholder, Vision Capital, is threatening to drum up fresh opposition to chief executive, Margaret Sweeney, says the Sunday Times. Canada-based Vision Capital, tried to oust Ms Sweeney and force a sale of the company at its annual general meeting in May.
Its chief executive, Jeff Olin, tells the Sunday Times that “we are not content”, and warns that fundamental issues remain, despite Ires reporting underlying improved earnings, increasing its dividend and confirming sales worth almost €100 million, last week. Mr Olin and Vision Capital plan on raising their concerns with Ms Sweeney when she visits Toronto this month on an investor roadshow, the paper reports.
A spokesman told the Sunday Independent that the company had ambitious plans to invest further in the area over the longer term.Developer Tetrarch Capital has secured planning permission to replace the Deer Park hotel in Howth with a new 142-bedroom “destination hotel”, the Business Post writes. The plan will involve the demolition of the existing hotel building which currently houses 150 Ukrainian refugees.
One couple interviewed by the newspaper has put plans for a second child on hold, another woman axed foreign holidays plans and opted for a second-hand car over a new one, and a third goes out less, eats less, drinks less “almost not doing these things at all”, to ensure they can repay home loans.
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