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...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Content is king – just ask Netflix as rivals attempt to steal its crown

Tom Maguire: Tax changes we make now could help business for years

The Daily Briefing