Barings, through funds and accounts it manages or advises, has agreed to acquire Irish Residential Properties REIT (I-RES) in an all-cash transaction valued at approximately €731 million ($810 million).
The acquisition will be completed through Ireland Residential Holdings Ltd., a newly formed company owned by funds and accounts managed or advised by Barings. Under the agreement, I-RES shareholders will receive €1.386 ($1.54) per share in cash, including a dividend of €0.0209 ($0.023) per share. The total consideration represents a 30.8 percent premium to the company’s closing share price on Sept. 25, 2026.
I-RES is a publicly traded residential REIT with a portfolio of rental properties in Ireland. Its shares are listed on Euronext Dublin.
The I-RES board has unanimously recommended the acquisition. The transaction remains subject to shareholder, court and regulatory approvals and is expected to be completed in first quarter 2027.
