Pictured: Margaret Sweeney, CEO, Ires ReitMargaret Sweeney is CEO of Ires Reit, Ireland’s largest landlord, a title she has held since late 2017. In August, the group recorded a more than 30 per cent increase in net rental income during the first six months of the year. This is despite the ongoing coronavirus pandemic.
Margaret Sweeney is CEO of Ires Reit, Ireland’s largest landlord. She said that Ires Reit’s increase in income “demonstrate[s] the strong resilience of the business.” The landlord group reported 35 per cent growth in the scope of its properties: 3,739 units for rental up from 2,771 units at the same time last year. The new units are 42 properties across Dublin and Cork.
The group also recorded a 30.2 per cent increase in net rental income (NRI) to €29.6 million, up from €22.7 million last year. The increase is due to acquisitions and organic rental growth.