IRES REIT

Positive disposal and lettings update

  • Sectors : REITs
  • Companies : IRES REIT

Ratings and price correct at time of issue.

  • IRES REIT

    Closing Price: 145c

  • RATING 08/05/15

  • PREVIOUS RATING N/A

DAVY VIEW

IRES has completed its planned disposal of 151 units across ten properties to a fund run by Orange Capital Partners. The price is 6% ahead of book value, highlighting the undervaluation of the portfolio. Also, 96% of the new units delivered at Hansfield Wood in August have now been fully let or agreed.

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Nov 11 2020, 09:10 GMT

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