Tuesday November 24, 2020

Shopping centre’s parent lost €6m last year

The company behind the Rathdowney Shopping Outlet in Co Laois lost €6.1 million last year after providing generous incentives to its tenants and writing off more than €4million in the value of its assets.

Susan Mitchell

Deputy Editor and Health Editor

@susmitchellsbp
17th October, 2009

The company behind the Rathdowney Shopping Outlet in Co Laois lost €6.1 million last year after providing generous incentives to its tenants and writing off more than €4million in the value of its assets.

The firm warned that falling retail sales had resulted in some of its tenants going out of business or defaulting on rent, leading to a fall in its rental income. According to the latest accounts for AWG Outlets (Rathdowney), the...

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