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The latest announcement is out from Irish Residential Properties REIT ( (GB:0QT8) ).
Irish Residential Properties REIT has agreed a €31.75 million forward purchase of 77 high-specification apartments in Naas, Co. Kildare, a fast-growing commuter town southwest of Dublin. The scheme comprises a mix of one-, two- and three-bedroom A2-rated units with sustainability features such as air-to-water heat pumps, LED lighting and PV panels, and is due for completion in the fourth quarter of 2026.
The acquisition, sourced off-market through I-RES’s internal network, will be funded from its ongoing disposal programme, which has generated €34.9 million of proceeds to date. The company expects the investment to deliver a net initial yield of around 5.25%, be earnings-enhancing after lease-up, and support its asset recycling strategy while keeping leverage within its 40%–45% target range, highlighting its role in financing new housing supply in Ireland.
More about Irish Residential Properties REIT
Irish Residential Properties REIT plc is a growth-oriented real estate investment trust and Ireland’s largest provider of private rental accommodation. Listed on Euronext Dublin, it focuses on professionally managed, energy-efficient rental homes in sustainable communities across Ireland, aiming to be a leading provider in the Irish living sector while operating responsibly and with reduced environmental impact.
Learn more about 0QT8 stock on TipRanks’ Stock Analysis page.