Wednesday July 8, 2020

Fear of retail carnage as vulture funds turn the screw on tenants

Retailers in Dundrum and Blanchardstown centre facing rent hikes, Warnings that move will lead to job losses and business closures

Michael Brennan

Political Editor

@obraonain
9th April, 2017
2
Pic: Feargal Ward

Vulture funds and institutional landlords are now turning the screw on Irish retailers, with tenants at two of the country’s largest shopping centres facing significant rental hikes.

Retailers are now warning of potential job losses and business closures, with economists saying that increased retail rents in shopping centres will lead to higher prices for shoppers.

Upward-only rent reviews have been carried out by the new owners of Blanchardstown shopping centre, which was taken...

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