IRES Reit has announced a deal to buy 77 residential apartments in a development in Naas for €31.75m. The deal will be paid for using funds raised through previous sales of non-core apartments, which have generated €34.9m for Ires. The Naas deal is a so-called “forward purchase” agreement of properties that are not yet completed from Westar Homes Limited. The CEO of I-RES, Eddie Byrne, said the purchase represents a big share of his firm’s capital recycling programme. "This off-market acquisition, generated internally as a result of our teams’ extensive connections and experience, represents a very attractive investment opportunity.

Source: Irish Independent February 24, 2026 14:40 UTC