In the 2000s, European countries enthusiastically took to the Reits. Reits are stock market vehicles for funnelling investors’ money into the property market. In the 2000s and 2010s, 13 Reit regimes were set up across Europe. Individual Reits proliferated. Ireland alone had four of them. A couple of decades on, the dream is dying. Ireland’s only remaining Reit, I-Res, is hanging on by its fingernails. Activist investor Vision Capital has been on a campaign to dismantle the company for the best part of a year. I-Res’s board and management have fought back ahead of a showdown at the EGM triggered…

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