Calls for radical overhaul of rent reviews

A RADICAL overhaul of the arbitration system for commercial rents is urgency needed following rent increases of more than 50% being awarded against tenants in the Dundrum Shopping Centre in Dublin.

That was the call issued by chief executive of Retail Excellence Ireland, David Fitzsimons.

It is understood that two clients in the centre, Oasis and Coast, have suffered rent increases of 51% and 55% respectively following arbitration.