Eason and Liffey Valley landlords settle rent row
Eason and its Liffey Valley store landlords have settled a dispute over rent arrears.
The Circuit Civil Court had heard Eason & Son, which pays a rent of around €1m-a-year to Liffey Valley Ltd and LV Property Phase 1 Ltd, allegedly owed €423,000.
Michael Howard, for the landlords, had told Judge Jacqueline Linnane that Eason had effectively given itself a rent reduction last year by withholding almost a third of the €235,000 rent due for the quarter beginning last April 1.
Mr Howard said Eason had continued to withhold a quarter of the rent due for the last two quarters of 2014 and had paid no rent for the first quarter of this year.
A claim brought before the Circuit Civil Court related only to a single quarterly cut of rent by Eason of €70,500.
The landlords disputed suggestions by Eason in respect of complaints it raised last year and denied allegations of shortcomings in its running of Liffey Valley.
Eason had claimed it had reduced its quarterly rent by €70,500 after outlining a number of grievances that could allegedly be summarised as poor estate management. The company complained about the quality of transient, seasonable and permanent retailers.
It also pointed to the lack of an agreed five-year rent review which, it claimed, ought to have taken place in October 2013 and had not.
The company claimed there was no suitable exterior and car park marketing profile by the landlords of the Eason store which paid the fifth highest rent in the centre.
It said there was an adverse effect on customer shopping experience of alleged smells from the centre's main toilets. It also complained of inadequate security allegedly leading to a disproportionate level of stock loss to theft than any other Eason store, leading to annual expenditure of €18,000.
The landlords released a statement at the end of January saying they "totally reject all the claims in respect to the management of Liffey Valley Shopping Centre".
Paul McGarry, for Eason & Son, told Judge Linnane that the proceedings had been settled and terms of agreement would be handed into court.