IRES REIT names new chief investment officer

Thursday 10 April 2014 08.01
IRES REIT appoints NAMA man as its chief investment officer
IRES REIT appoints NAMA man as its chief investment officer

Irish Residential Properties REIT has appointed former NAMA advisor Donal Kellegher as its chief investment officer.

The company recently announced its intention to raise gross proceeds of about €200m when it lists on the Dublin Stock Exchange later this month. 

Mr Kellegher's most recent role was as a senior property advisor at the National Asset Management Agency. 

He will take up his new role in two months' time with CR Fund Management Ltd, a wholly-owned subsidiary of CAPREIT, one of Canada's largest residential rental REITs.  CR Fund Management Ltd will act as Investment Manager to IRES REIT.

IRES REIT started its operations last September when it acquired four multi-unit, mainly residential rental apartment properties in Dublin for about €42.4m.