Sand Grove Capital Acquires 6% in Irish REIT

Irish Residential Properties REIT plc (IRES) has announced a significant change in its shareholder structure. Sand Grove Capital Management LLP, based in London, has acquired financial instruments that elevate its holdings in IRES to a 6.02% stake. This acquisition of financial instruments represents a crossing of the 6% threshold as of November 10, 2026.

The notification, submitted on November 11, 2026, indicates that Sand Grove now possesses 3.20% of voting rights directly via shares and an additional 2.82% through equity contracts for difference (CFDs). The total percentage of voting rights across both categories thus reaches 6.02%, while the total number of voting rights held amounts to 31,552,742.

This development reflects Sand Grove's strategic interests in the financial instruments of IRES, highlighting its active role in the financial market associated with the real estate investment entity.