Advertisement

Bord Pleanala headquarters subject to upward-only rent review

It has emerged that the headquarters of An Bord Pleanala is subject to an upward-only rent review...
Newstalk
Newstalk

16.24 20 Jan 2014


Share this article


Bord Pleanala headquarters sub...

Bord Pleanala headquarters subject to upward-only rent review

Newstalk
Newstalk

16.24 20 Jan 2014


Share this article


It has emerged that the headquarters of An Bord Pleanala is subject to an upward-only rent review. The Board headquarters on Marlborough Street in Dublin are rented for a fee of €1.25 million per year.

The Planning Minister Jan O'Sullivan has confirmed to the Dáil that the 25-year lease for the building, signed in 2002, only allows for up-ward revisions in rent.

An Bord Pleanála entered into a 25-year lease in January 2002. The rent during the period up to the first review was just over €1.108 million.

Advertisement

The terms of the lease provide for rent reviews every five years.

The Minister said that "a further rent review was due on January 22nd 2012 - and a verbal agreement was reached between the landlord and the Board that a rent review for that next five year period would not be undertaken".

The rent has therefore remained at €1.25 million.

However she says the rent has not been increased since 2007 and that the landlord has agreed not to review the rent again until 2017.


Share this article


Read more about

News

Most Popular