Irish Residential Properties REIT : I•RES Launches Ireland’s First LEED Gold-Designed Residential Development

Irish Residential Properties REIT announces the launch of its newly constructed residential development, The School Yard, in Dublin city centre. The School Yard consists of 61 fully furnished homes and is Ireland's first LEED Gold-designed residential development.

LEED (Leadership in Energy and Environmental Design) is an internationally recognised rating system for developing high-performance, sustainable buildings.

Margaret Sweeney, I•RES' Chief Executive Officer commented:"When we began designing and developing The School Yard a number of years ago, we wanted to place the resident experience and sustainability at the heart of the development. I am extremely pleased that we were able to execute on that commitment, delivering Ireland's first LEED Gold-designed residential development.

Residents will benefit from state-of-the-art features such enhanced ventilation systems, efficient water usage and reduced energy consumption, which provides a healthier and more comfortable living space whilst also reducing the environmental impact. Additionally, our dedicated inhouse property and maintenance teams provide direct support to residents, an all-in service unique to the Irish market.

ESG is embedded across our business, shaping our operations and decision-making. The School Yard development is testament to this focus and is an important milestone for us on our ESG journey.

We have naturally seen significant demand for The School Yard since its launch and we look forward to continuing to play an important role in delivering high-quality residential accommodation for Ireland's rental accommodation market. This is part of our commitment in our strategy to delivering c.1,000 new homes with an investment of c.€450m"

About LEED

LEED (Leadership in Energy and Environmental Design) is a voluntary, consensus-based national rating system for developing high-performance, sustainable buildings. LEED was developed by the U.S. Green Building Council (USGBC). LEED addresses all building types and emphasizes state-of-the-art strategies for sustainable site development, water savings, energy efficiency, materials and resources selection, and indoor environmental quality. LEED provides immediate and measurable results for building owners and occupants. By living in a LEED Gold building, residents will benefit in a number of ways, benefits include:

• Excellent indoor air quality as the project pursues the Enhanced Ventilation credit - This is achieved through the installation of an enhanced exhaust and ventilation system to minimize moisture problems and occupants' exposure to indoor pollutants.
• Reduced water consumption as the project pursues the Indoor Water use credit - This is achieved through the installation of high-efficiency water fixtures and fittings. All lavatory, showerhead, and toilet fixtures installed with low-flow fixtures designed to achieve water savings.
• Reduced energy consumption as the project pursues the Annual Energy Use credit - This is achieved through the completion of an energy model comparing the proposed buildings performance to a USGBC-approved baseline building performance.

These and other elements combine to create a healthier living space and improve the indoor environment for all occupants.

For further information on LEED please visit https://www.usgbc.org/leed

About The School Yard

The School Yard Development consists of 61 fully furnished homes comprising of 5 studio, 14 one-bed and 42 two-bed apartments. It is Ireland's first LEED Gold-designed residential development and first residential LEED certified building. The School Yard offers a dedicated on-site property management team, inhouse maintenance team, along with 24-hour emergency support. Residents at The School Yard can contact these services via I•RES' resident's portal, assuring high levels of support and service.

The School Yard is in a prime city centre location, near a wide range of amenities and in close proximity to leading national and international businesses across the tech, banking and finance sectors. Additionally, its city centre location means that it is situated close to restaurants, gyms, hotels, Croke Park, the Royal Canal and Mountjoy Sq. The School Yard has excellent transportation links located just a short walk from Drumcondra train station and all main bus routes; while its city centre location means that residents are a short walk from O'Connell Street which is in the heart of Dublin's city centre. Facilities in the development include, a children's play and seating area, an underground car park with AV charging points, and secure cycle storage.

Further information can be found at: www.theschoolyard.ie/