Reshuffling on the Global Finance Stage as Ameriprise Financial Lands a Key 5.444% Stake in IRES

Market tremors have been felt far and wide as Minneapolis-based financial heavyweight, Ameriprise Financial Inc, carves out a bold notch in its global portfolio. Revealing an acquisition of a notable 5.444% stake in Irish Residential Properties REIT plc (IRES), the American corporation has undeniably amplified its global standing. This strategic move sees Ameriprise exercise its clout within the international financial sector.

The acquisition was announced on 17 April 2025, as was officially reported to the issuer and the Central Bank of Ireland. The particular nature of the acquisition was clarified as a ‘Transfer in of Temporary Proxy Voting Shares,’ marking a significant shift of power and influence to Ameriprise.

Interestingly, the shares, totalling an impressive 28,771,578, are not directly held by Ameriprise Financial but rather through Harewood Nominees Limited. This nuanced facet of the acquisition underlines the strategic approach adopted by the US financial giant.

The report also revealed that Ameriprise Financial Inc is part of a chain of undertakings maintaining control over the voting rights and/or the financial instruments. Concurrently, Thames River Capital LLP, connected with Ameriprise, continues to hold a 4.600% stake in IRES.

This acquisition is a notable development within the broader narrative of Ameriprise Financial Inc’s influential manoeuvring in the global financial market. It’s a strong signal of Ameriprise’s ambition as it continues to fortify its position at the helm of international finance.