Zürcher Kantonalbank Announces Stake in Irish Residential Properties REIT PLC

Zürcher Kantonalbank, through Swisscanto Fondsleitung AG, disclosed its sizable position in Irish Residential Properties REIT PLC on March 15, 2024. The disclosure, mandated by the Irish Takeover Panel's Rule 8.3, indicated a significant interest in the REIT's securities, representing more than 1% of the shares.

On March 14, 2024, Swisscanto Fondsleitung AG owned 16,263,075 shares, amounting to a 3.07% stake in Irish Residential Properties REIT PLC. This strategic position underscores the investment firm's confidence in the real estate investment trust. Furthermore, the disclosure revealed a purchase of 6,773 ordinary shares at a price of EUR 1.002 per unit, indicating ongoing investment activities by the discloser in the REIT's securities.

The communication also clarified that no additional disclosures concerning other parties involved in the offer are required at this time, indicating a focused investment approach by Zürcher Kantonalbank's Swisscanto Fondsleitung AG towards Irish Residential Properties REIT PLC.