– IRELAND, Dublin – Irish Residential Properties REIT plc (LON: 0QT8 | FRA: IRES) today announced the appointment of Stefanie Frensch to its board as an independent non-executive director with effect from 1 July 2021.
“I’m delighted to welcome the appointment of Stefanie to the board of I•RES. Her deep experience of one of Europe’s largest residential lettings markets will bring us valuable fresh perspectives. I am also pleased to announce that the board of the Company has constituted a Board Sustainability Committee to further build the necessary skill sets that will advance our board-level ESG competency and support the Company’s multi-year ESG strategy.” said Board Chairman, Declan Moylan.
Ms. Frensch has also been appointed as an additional member of the Audit Committee.
About Stefanie Frensch
Stefanie Frensch is a member of the Management Board of Becker & Kries Holding, a German family office with significant real estate investments including 6,000 residential units. Before May 2021, she had been a member of the Supervisory Board of Alstria Office REIT for 5 years, an investment trust listed in MDAX. She also serves as a director of several associations, including ZIA (the leading professional association of the German real estate sector), ICG (Institut für Corporate Governance), and is a non-executive director of Förderverein Berlinische Galerie, the sponsoring association of a museum of modern art, photography and architecture in Berlin (voluntary work).
Stefanie Frensch was formerly a member of the Management Board of HOWOGE Wohnungsbaugesellschaft mbH, one of the largest German publicly owned residential companies with more than 63,000 apartments and relevant development and transaction activities (2011 – 2019). She was a partner of EY Real Estate (2007-2011) and has expertise in project management and development, asset management, and transaction advisory services. Ms. Frensch is an engineer and architect.
About Irish Residential Properties REIT plc
Irish Residential Properties REIT plc, together with IRES Residential Properties Limited, is a growth-oriented Real Estate Investment Trust that is focused on acquiring, holding, managing, and developing investments primarily focused on private residential rental accommodations in Ireland. The Group currently owns 3,836 apartments and houses for private rental in Dublin and Cork with an additional 69 units due for delivery at the end of H1 2022 under pre-purchase contracts. The Company has a further 61 units currently under construction directly on owned sites with planning approval to develop an additional 543 residential units on its existing sites. The Company’s shares are listed on Euronext Dublin.
For more information: https://www.iresreit.ie/
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