Ires Reit is in a fight with its seventh-biggest shareholder, a Canadian fund called Vision Capital. Vision published a long letter last week calling for Ires to be broken up and sold for parts. The letter addressed lots of problems with Ires. The overarching message is that Ires doesn’t make sense as a Reit. It would be better for everyone, said Vision Capital, if its assets were sold off and the funds returned to shareholders. Vision started with an appeal to the Irish housing shortage. It said Ires is poorly set up to build new housing in Dublin.  Next, Vision got to the heart…

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