Irish Residential Properties REIT Plc announced Hugh Scott-Barrett has been appointed as a Chair Designate of the Company to succeed Declan Moylan, as Chair of the I-RES Board, with effect from the publication of the company?s 2023 results scheduled for 23 February 2024. Mr. Scott-Barrett was originally appointed to the company's board as an independent director in September 2022. He is also a non-executive director and senior independent director of Balanced Commercial Property Trust.

He also previously held the position of chief executive of Capital & Regional PLC, a UK firm, from 2008 to 2017 and then served as non-executive chairman of the business until 2022. Mr. Scott-Barrett is to assist Mr. Moylan in finding a successor for Ires Reit chief executive Margaret Sweeney who announced last year she would retire in April. He will also oversee the company's strategic review, an initiative Ires Reit is launching to consider options for the company.