Irish Residential Properties REIT plc (ISE:IRES) is seeking investments. Irish Residential Properties REIT announced that it has entered into a new revolving and accordion credit facility of up to €250 million, which can be extended to €350 million subject to certain terms and conditions. Henry Cleary, Head of Real Estate at Barclays Bank Ireland, said, “This facility supports Irish Residential Properties REIT's strategy to grow its portfolio via the acquisition and development of high quality multi-family units.

We look forward to further expanding our relationship with Irish Residential Properties REIT and continuing to support its ambitions for growth on the back of these facilities." Gervaise McAteer, Head of Commercial Real Estate at Ulster Bank Ireland, said, “Ulster Bank is pleased to support Irish Residential Properties REIT in the arrangement of this facility and to assist the company in their on going investment in Ireland through the acquisition of multi-unit residential real estate assets."