Sunday October 25, 2020

Atlantic poised for major rent reductions

Atlantic Homecare's High Court bid to reduce rent costs will have massive implications for Ireland's commercial property market, writes Ian Kehoe.

15th September, 2012
Atlantic Homecare will ask the High Court to approve an arrangement to reduce rents with its landlords. Photo: Maura Hickey

Landlords beware. Atlantic Homecare, the DIY chain, is on the verge of sealing a landmark deal that could set a precedent for companies struggling under the weight of boom-time rents.

The company will ask the High Court tomorrow to approve a scheme of arrangement which has seen the company secure "substantial reductions" in property costs from its landlords.

The majority of the landlords have signed up to the scheme, a copy of which has been...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 9 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 5 years ago