Thursday July 2, 2020

Financial funds charge €56.7m in rent

Financial institutions tend to buy buildings with long leases that are let to financially-sound tenants, and the state is among the most favoured of tenants.

18th February, 2006

Financial institutions tend to buy buildings with long leases that are let to financially-sound tenants, and the state is among the most favoured of tenants.

The government is regarded as the most reliable tenant, because it will always pay its rent.

As a result, a number of pension funds and financial funds let their property to government departments through the Office of Public Works (OPW).

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