Ires Reit’s positon in the middle of the Dublin rental market means it is experiencing “very strong demand” for its properties, chief executive Margaret Sweeney told the Irish Independent yesterday.
Ms Sweeney was speaking yesterday after the real estate company struck a €60m deal to buy residential property near to Phoenix Park.
“We are very lucky, we are positioned mid-tier in the market, there has been more softening in the high-end in city centre,” Ms Sweeney said.
Ires apartment blocks range from the Marker apartments at Grand Canal Square in the Dublin docks and the Elm Park development close to RTÉ in Dublin 4, to modern developments in Tallaght, Finglas and Inchicore. Its average monthly rent was €1,596 in 2019.