Taoiseach calls on landlords to negotiate rents01/02/2013 - 14:44:30
Taoiseach Enda Kenny said today that landlords should negotiate with tenants in relation to high rents on retail premises.
Mr Kenny made the remarks after the appointment of an interim examiner to B&Q Ireland.
Speaking this morning at the launch of the latest progress report on the 'Action Plan for Jobs', Mr Kenny said it is better for everyone if companies can negotiate lower rents in order to stay in business.
"We cannot deal with the constitutional problem arising from upward-only rent reviews, as we decided early on," he said.
"But there's an imperative here that I think landlords recognise themselves, that it's better to have somebody in a trading position in a facility, and if a deal can be done, then it should be done.
"It has been done with many smaller operators, I know big chains may have a particular difficulty in that."
more stories like this:
- once per day, no spam.