Ires REIT agrees €77m forward funding deal for Dublin resi

Tara Towers

Irish residential-focused REIT Ires has agreed a pair of forwarding funding deals to acquire part of Dalata’s Tara Towers Hotel site and Alanna Homes’ Hansfield Wood site for a combined €77m (£68.5m).

The two deals will add 164 units to Ires’ existing 2,608-unit portfolio and €4.6m in gross rent upon completion. Both developments are located in the wider Dublin area and are expected to complete in 2021.

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