Eason owes €423,000 in rent arrears, court hears

Eason, the books and stationary store at Liffey Valley Shopping Centre, owes its landlord €423,000 in rent arrears, the Circuit Civil Court heard yesterday.

Barrister Michael Howard SC, council for Liffey Valley Ltd and LV Property Phase 1 Limited, told Judge Jacqueline Linnane that Eason and Son had effectively given themselves a rent reduction last year.

Mr Howard, who appeared with Michael Vallely, said Eason, after withholding 30% of the rent for the quarter commencing April 1, 2014, had continued to withhold 25% of the rent for the last two quarters of 2014 and had paid no rent for the first quarter of 2015 which commenced on January 1 last.