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News

Pets at Home snaps up Vets4Pets practices
18/04/13

W5 Lite - expands at the Outlet, Banbridge
17/04/13

Bangor Leisure Centre - For Sale
11/04/2013

Jam Media at Murray's Exchange - up to 40 New Jobs
20/03/13

Dunelm shrugs off gloom with 15% profit rise
12th February 2013

DW Sports posts 'excellent' FY results
02/01/13

Pizza Hut to close 70 site-down restaurants
01/01/13

Costa Coffee to open a New Store at Riverside Retail Park, Coleraine
19/11/12

Poundland Celebrates a Glamorous Birthday
19.10.12

Royal Exchange: Attwood due to approve Belfast city centre plan
05/09/12

Discount store booms upmarket shoppers boast of saving money
29/08/12

H&M to Open in Derry
22/08/12

Sales at H&M up 2% in July despite market gloom
20/08/12

SemiChem Seeks Pop Ups
20/07/12

Asda joins race to 'replace' battered High Street bank
19/07/12

Poundland appoints former Tesco boss as chairman
17/07/12

Asda recruits 450 staff for new Portadown store
02/07/12

Rapid expansion continues at Poundland
02/07/12

Frankie & Benny’s coming to Coleraine
02/07/12

H&M to open at The Square, Towncentre, Tallaght
21/06/12

Dealz want more stores in Ireland!
14/06/12

26 new jobs as Poundland opens in town centre
21/05/12

26 new jobs as Poundland opens in town centre
26/04/12

Dealz to open ten new stores in Ireland in next year
17/04/12

Poundland's new stores strike gold down south
21/12/11

Over 70 jobs created at The Outlet
1st December 2011

Waitrose eyes move into Ulster retail market
30/11/11

Belfast in National Geographic top 10 destinations
24/11/11

Irish government U-Turn on upward-only rent reviews
21/11/11

Property Company could be wound-up over unpaid bill
17/11/11

In for a penny and in for a Poundland expansion
03/11/11

A|wear retail chain acquired by Hilco amid uncertainty
19/10/11

Peter Robinson hits out at 'selfish' bids to halt shopping complexes
06/10/11

500 apply for 35 toy store jobs in Letterkenny
26/09/11

Dunelm Mill to open in Coleraine and create 50 jobs
26/09/11

Homestore and More to open in Sligo and create 30 jobs
15/09/11

Poundland Reach 20 Stores in NI
13/09/11

Tesco's plans for hypermarket back on shelf after appeal
12/09/11

Out to create Blue skies
12/08/11

Cost Plus Sofas to open in Tullamore Retail Park
03/08/11

TDK assisting Poundland to open in Ireland under Dealz fascia
02/08/11

TDK help H&M to expand its Northern Irish portfolio.
27/07/11

H&M to open 11th store in Ireland
19/07/11

Versace to design iconic collection for H&M this Autumn
30/06/11

TDK appointed on prime commercial development site
14/06/11

Castlecourt Shopping Centre in Belfast put up for sale
13/06/11

Ulster Bank takes over Banbridge Outlet store
13/06/11

Why Executive would be off its trolley to target NI's retail giants
05/04/11

Tesco gets go-ahead for new Banbridge store
25/03/11

Fixed Charge Receiver Update
24/03/11

TDK appointed on Leisure Centre Disposal
16/03/11

TDK advise on disposal of warehouse site
15/03/11

TDK appointed as managing agent on Newbay Properties Shopping Centre
02/03/11

TDK appointed on Haymarket Arcade as letting and management agents.
23/02/11

TDK appointed on Murrayfield Shopping Centre, Larne
16/02/11

What's in store for the economy in 2011?
11/01/11

The report on Ireland's Toxic Tiger
17/12/10

Cash boost needed for the retail sector
14/12/10

Holland & Barrett to open in Monaghan SC
26/11/10

UK's middle-class fuels Poundland expansion
24/11/10

Starplan sign up for Riverside Retail Park, Coleraine
18/10/10

£5m price tag on rugby club’s site
05/10/10

TDK to advise on valuation and marketability
04/10/10

Park Centre Secures New Tenants
04/10/10

B&M Open in Coleraine
04/10/10

Home Bargains to open in Carrickfergus
04/10/10

Santander agree deal with Riverside Retail Park
04/10/10

Netto chain bought over by grocery giant Asda
04/10/10

Recession ideal for TDK's new practice
04/10/10

Semichem appoint TDK to aqcuire more stores
04/10/10

Supermarkets and the competition commission
04/10/10

TDK appointed as managing agents on Newbay Doherty properties Retail Park portfolio
04/10/10

TDK Launch Receiver Service to Local Banks
04/10/10

Fixed charge receiver opinion piece
04/10/10

TDK on the recruitment trail
04/10/10

Poundland open 15th Store in Dungannon
04/10/10

Irish government U-Turn on upward-only rent reviews

21/11/11

Ireland’s government is set to abandon plans to outlaw upward-only rent reviews for commercial property.

Retail lobby groups were briefed on Friday that the plan to introduce retrospective downward rent reviews on commercial property and ban future upward-only rent reviews were likely to face insurmountable constitutional difficulties.

The likely move is a blow for tenants facing huge above-market rents agreed during the boom years of the Celtic Tiger.

But it is a key victory for landlords facing a further hit to the value of property which has already fallen around 60% from the height of the market, according to IPD, and particularly the Irish National Asset Management Agency, which bought €71bn of property loans from the nation’s banks.

Nama is now the de facto largest property owner in Ireland, and has said that a ban on upward-only reviews could cost it €2bn in property losses.

The pledge to end upward-only reviews was a key part of Fine Gael’s pre-election manifesto when it came to power in a coalition with the Irish Labour Party in February.

 

Story by Mike Philips on Propertyweek.com on 21/11/11 http://www.propertyweek.com/news/irish-government-u-turn-on-upward-only-rent-reviews/5028078.article