The stereospecificity of ligand exchange at the Ir(III) centre of a cycloiridium arenetricarbonylchromium complex has been established experimentally by various analytical methods as well as by X-ray diffraction structural analysis and computational investigations. Two new cases of phenyl and methyl iridium(III) complexes have been prepared by reaction of (S(P)*,R(Ir)*-chlorido{2-[(tricarbonyl)(eta(6)-phenylene-kappaC(1'))chromium(0)]pyridine-kappaN}(pentamethylcyclopentadienyl)iridium(III) with PhMgBr and MeMgBr. The determining influence of electrostatic repulsion has been established by means of density functional theory at the Becke-Perdew/TZP(ZORA) level by using, among other means, energy partitioning analysis. It is also shown that the Cr(CO)(3) fragment is likely to ease the ionic cleavage of the Ir-Cl bond in chlorido cycloiridium tricarbonylchromium complexes in a way similar to that already established for the solvolysis of benzyl halide complexes, that is, through a direct interaction of the Cr(0) centre with the cationic Ir(III) centre.