Saturday September 19, 2020

Dundrum director defends rent hikes

Any ‘churn’ from retailers at Dublin shopping centre is because ‘they haven’t adapted to trends’, says Don Nugent

25th November, 2018
Don Nugent, director, Dundrum Town Centre: ‘We have had a relatively small turnover of tenants over the years’ Picture: Fergal Phillips

The director of Dundrum Town Centre in south Dublin has defended rent hikes at the development, and said that any “churn” in tenants there is due to retailers not getting their customer offering right.

The property giant Hammerson, which bought the shopping centre with partners Allianz Real Estate in 2016, said last year that it expected rental levels at Dundrum to hit €90 million by 2021. This would be a 38 per cent...

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