Appointment of Joint Corporate Broker

RNS Number : 9941X

Irish Residential Prop REIT PLC

11 January 2022

 

11 January 2022

I•RES Announces Appointment of Joint Corporate Broker

Irish Residential Properties REIT plc ("I•RES" or the "Company") is pleased to announce that it has appointed Barclays Bank plc to act as its joint corporate broker alongside J&E Davy with immediate effect.

-  End -

For further information please contact:

Irish Residential Properties REIT plc
Sarah Stokes, Investor Relations    Tel: [phone]

Margaret Sweeney, Chief Executive Officer    Tel: [phone]

For Media Requests:

Q4PR
Gerry O'Sullivan                                                                           Tel: + 353 (0) 87 259 764

About Irish Residential Properties REIT plc

Irish Residential Properties REIT plc (together with IRES Residential Properties Limited, the "Group") is a growth oriented Real Estate Investment Trust that is focused on acquiring, holding, managing and developing investments primarily focused on private residential rental accommodations in Ireland. The Group currently owns 3,829 apartments and houses for private rental in Dublin and Cork with an additional 69 units due for delivery at the end of H1 2022 under pre-purchase contracts. The Company has a further 61 units currently under construction directly on owned sites with planning approval to develop an additional 543 residential units on its existing sites. The Company has executed on two contracts for the acquisition of 152 residential units located in Ashbrook, Clontarf, Dublin 3 in 2 phases. It is anticipated that the Company will acquire 108 completed units in Q1 2022. The Company h as further committed to acquire 44 apartments under a forward purchase contract, with delivery anticipated for H2 2023. The Company's shares are listed on Euronext Dublin. Further information in respect of the Company can be obtained from the Company's website at  www.iresreit.ie .

Note on forward-looking information

This note applies if and to the extent that there are forward-looking statements in this Announcement.

This Announcement may contain forward-looking statements, which are subject to risks and uncertainties because they relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company or the industry in which it operates, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking statements referred to in this paragraph speak only as at the date of this Announcement. Except as required by law or by any appropriate regulatory authority, the Company will not undertake any obligation to release publicly any revision or updates to these forward-looking statements to reflect future events, circumstances, unanticipated events, new information or otherwise including in respect of the Covid-19 pandemic, the uncertainty of its duration and impact, and any government regulations or legislation related to it.

 

END

 

 

APPBCGDBRBBDGDG