Barings Funds to Acquire Irish Residential Properties REIT

Irish Residential Properties REIT plc (I-RES) has announced a recommended cash offer from Ireland Residential Holdings Limited (BidCo), owned by funds managed by Baring International Investment Limited. The deal values I-RES shares at 138.6 cents each, with a 30.8% premium compared to their closing price on 25 September 2026. The acquisition will be implemented as a scheme of arrangement, with the full shares priced at approximately €731 million, representing a fair valuation based on I-RES's EPRA NTA.

The I-RES board supports the offer, considering it a beneficial cash return for shareholders. Scheduled for completion in Q1 2027, the takeover clinches a strategic investment by Barings, aiming to reinforce I-RES's residential real estate standing in Ireland amidst favorable economic conditions. The deal awaits approval from I-RES shareholders and regulatory bodies.