Matheson is advising Ireland Residential Holdings Limited, a company owned by funds and accounts managed or advised by Barings, on its recommended cash offer for Irish Residential Properties REIT plc (“I-RES”). Barings is a global alternative asset manager that partners with institutional, insurance and wealth clients and supports leading businesses with flexible financing solutions.
I-RES is the leading provider of rental homes in Ireland. As at 30 June 2026, I-RES’s portfolio comprised 3,611 residential units concentrated in the greater Dublin area. The total transaction values all the shares of I-RES at approximately €731 million.
The acquisition, which is intended to be implemented by means of a scheme of arrangement under Irish law, is conditional on, among other things, the approval of the scheme by I-RES shareholders, receipt of any necessary regulatory or other approvals and the sanction of the scheme by the High Court of Ireland.
Commenting on the transaction, David Fitzgibbon, Head of Matheson’s Corporate practice said: “We are delighted to advise Barings on this significant recommended cash offer for I-RES. This transaction brings together the strength of our Corporate M&A, Asset Management, Tax, Commercial Real Estate and Regulatory practices, alongside specialist expertise from across the Firm, and demonstrates our ability to support leading international investors on complex transactions in the Irish market. It is a privilege to work alongside the Barings team on this important investment in Ireland’s residential real estate sector.”
The transaction was led by Corporate M&A partners David Fitzgibbon (Head of Corporate) and David Jones, together with a Corporate M&A team of partners; Susanne McMenamin and Rob Barrett, senior associates; Michael Sinnott, Thomas Burke, Darren Quinn, and Leo Collins, associates; David Dempsey and Louise Buckley, solicitors; Ellie Glynn and Susan Satheesh, and trainees; Ella Long, Estera Boatca and Tom Foley.
The broader transaction team included Michelle Ridge and Orlaith Finan (Asset Management), Hilda Wrixon, Shelley Kinsella, Rory Penny, Ciara Fitzgerald and Fergal McGuinness (Commercial Real Estate), Kevin Smith, Laura Walsh, Ciara Murphy and Saskia Kirrane (Tax), Paul Carroll and Stephanie Hughes (Finance and Capital Markets), Calum Warren and Conor Ó Curraín (Competition and Regulation), Elaine Long, James Grogan and Patrick Daly (Financial Institutions Group) and Rachel Barry and Shane Gallen (Employment, Pensions and Benefits).
For more information please contact David Fitzgibbon, David Jones, or your usual Matheson contact.
