Bewley's case may spark retail rent cuts
A number of retailers are set to demand rent reductions as a result of last week's High Court ruling on the iconic cafe's lease, writes Samantha McCaughren.
A "significant" number of retailers are set to demand rent reductions as well as a refund of 'overpaid' rent that was increased under upward-only rent review clauses. It follows last week's High Court ruling on the lease for Bewley's café on Grafton Street, Dublin.
The representative body, Retail Excellence Ireland (REI), said that several members had been in contact and believed the ruling would apply to their leases.
David Fitzsimons, chief executive of REI,...
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