Call for rent relief for retailers

MANY of the country’s retailers are on a “knife edge” as shoppers keep their money in their pockets and sales continue to plunge.

This is according to representative group, Retail Excellence Ireland (REI) which is calling for a relief for retailers from their rents.

REI said that Fine Gael committed in its pre-election manifesto to passing legislation giving all tenants the right to have their commercial rents reviewed in 2011, irrespective of any upward-only review clauses.