Ires Reit open to €727m all-cash takeover bid from Barings

Ireland's largest residential landlord, Ires Reit, has confirmed it is open to a €727m all-cash offer from UK investment firm Barings, which has made five proposals at €1.386 per share. The deal, if completed, would mark a significant consolidation in the Irish property market and a vote of confidence in the sector despite regulatory headwinds. The outcome remains uncertain pending shareholder and regulatory approval.