Dundrum Shopping Centre

hammer

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Jul 6, 2009
Messages
58,180
Read in the Sunday Times............sorry no thread that now that the Centre is open 5 years the rents are being reviewed. Eventhough we are in a "depression" the NAMA bound landlord is looking for average rent increases of 60% and the larger multiples/shops facing 90% increases as they remove rents based on turnover and switch to market rent.

The tenants should pull down the shutters in unison & tell him where to go :)

How to regain a competitive economy. Screw tenants? Great policy NAMA.
 


True Republican

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Apparently they are looking to increase by up to 90% in some cases, I think that a rent strike should be called for. Jobs will be lost in Dundrum shopping centre if rents are allowed to increase, they should actually be cut.
 
R

RepublicanSocialist1798

Apparently they are looking to increase by up to 90% in some cases, I think that a rent strike should be called for. Jobs will be lost in Dundrum shopping centre if rents are allowed to increase, they should actually be cut.
I'd agree. If retailers there got together and called a rent strike it would work.
 

On_The_Far_Right

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May 4, 2010
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Rents

Folks its like this, the first signs of recovery in economy and landlords went nuts to increase rents. Id a small shop in Cavan and the landlord was charging €100 a week for it, and I took it on when it was empty 17 months!!!! I took it on initial 6 month trial, and at 6 months he told me he could get €170 a week for the shop from someone else.
I simply couldnt afford the €170 a week, so I called his bluff. The shop is now empty again, and has been for 13 weeks since I closed up end of March :)
The crazy thing about it was I knew this Landlord through my local FG organisation, knew him going back 5 years, canvassed with him and in fact he is also a near neighbour!!!!
The bottom line was he saw my business picking up and got greedy. His greed backfired. Ive transferred entire business online and Ive cut my overheads by 31% and turnover is up 26% last quarter. So for me its win win. For the landlord and his new imaginary tennent at €170 a week its lose lose - and back to empty shop:)
The shop owners in Dundrum should demand fair rents based on their shops profitability. There needs to be a good mix to enhance the overall viability of the complex. So its time for the landlord to wise up and help these struggling businesses.
 

True Republican

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Rents in Dundrum should be cut by between 25-50% depending on the size of the shop, once again a developer is getting greedy.
 

seabhcan

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Sep 3, 2007
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14,228
Rents in Dundrum should be cut by between 25-50% depending on the size of the shop, once again a developer is getting greedy.
I hate to defend the developers, but its not quite that they are being greedy now. They were greedy and foolish a few years ago. Now they are up to their necks in debt and trying to stay afloat.

Rents should and will fall more. But an unavoidable effect of that is that more developers will go bust, more loans defaulted, and the state, via NAMA, losing more money.
 

Newsy

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Aug 23, 2009
Messages
910
Folks its like this, the first signs of recovery in economy and landlords went nuts to increase rents. Id a small shop in Cavan and the landlord was charging €100 a week for it, and I took it on when it was empty 17 months!!!! I took it on initial 6 month trial, and at 6 months he told me he could get €170 a week for the shop from someone else.
I simply couldnt afford the €170 a week, so I called his bluff. The shop is now empty again, and has been for 13 weeks since I closed up end of March :)
The crazy thing about it was I knew this Landlord through my local FG organisation, knew him going back 5 years, canvassed with him and in fact he is also a near neighbour!!!!
The bottom line was he saw my business picking up and got greedy. His greed backfired. Ive transferred entire business online and Ive cut my overheads by 31% and turnover is up 26% last quarter. So for me its win win. For the landlord and his new imaginary tennent at €170 a week its lose lose - and back to empty shop:)
The shop owners in Dundrum should demand fair rents based on their shops profitability. There needs to be a good mix to enhance the overall viability of the complex. So its time for the landlord to wise up and help these struggling businesses.
They or some of them, haven't learned a thing.

The landlord you were dealing with, has lost out, because of his greed.
 

dresden8

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Feb 5, 2009
Messages
14,598
You guys are off message.

It's public sector pay and pensions that are the cause of this trouble.

Sheesh, do ye ever look at the internet at all.
 

yehbut_nobut

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Aug 16, 2007
Messages
520
Folks its like this, the first signs of recovery in economy and landlords went nuts to increase rents. Id a small shop in Cavan and the landlord was charging €100 a week for it, and I took it on when it was empty 17 months!!!! I took it on initial 6 month trial, and at 6 months he told me he could get €170 a week for the shop from someone else.
I simply couldnt afford the €170 a week, so I called his bluff. The shop is now empty again, and has been for 13 weeks since I closed up end of March :)
The crazy thing about it was I knew this Landlord through my local FG organisation, knew him going back 5 years, canvassed with him and in fact he is also a near neighbour!!!!
The bottom line was he saw my business picking up and got greedy. His greed backfired. Ive transferred entire business online and Ive cut my overheads by 31% and turnover is up 26% last quarter. So for me its win win. For the landlord and his new imaginary tennent at €170 a week its lose lose - and back to empty shop:)
The shop owners in Dundrum should demand fair rents based on their shops profitability. There needs to be a good mix to enhance the overall viability of the complex. So its time for the landlord to wise up and help these struggling businesses.
yeah, yeah...

Or is what really happened that your head-shop got closed down? ;)
 

jcdf

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Sep 8, 2005
Messages
3,738
Read in the Sunday Times............sorry no thread that now that the Centre is open 5 years the rents are being reviewed. Eventhough we are in a "depression" the NAMA bound landlord is looking for average rent increases of 60% and the larger multiples/shops facing 90% increases as they remove rents based on turnover and switch to market rent.

The tenants should pull down the shutters in unison & tell him where to go :)

How to regain a competitive economy. Screw tenants? Great policy NAMA.
How much property across Ireland does NAMA own now?

I have heard of plenty of zombie Hotels owned by NAMA. Aircraft hangers are owned by NAMA. Is every large piece of property in this country owned by NAMA?

I do not like NAMA! It owns too much and occupies a monopoly position. It actually reminds me of the Communist Stalinist regime of the Soviet Union where the state owned everything. It is not healthy and not conducive for a proper economy. :(

Folks its like this, the first signs of recovery in economy and landlords went nuts to increase rents. Id a small shop in Cavan and the landlord was charging €100 a week for it, and I took it on when it was empty 17 months!!!! I took it on initial 6 month trial, and at 6 months he told me he could get €170 a week for the shop from someone else.
I simply couldnt afford the €170 a week, so I called his bluff. The shop is now empty again, and has been for 13 weeks since I closed up end of March :)
The crazy thing about it was I knew this Landlord through my local FG organisation, knew him going back 5 years, canvassed with him and in fact he is also a near neighbour!!!!
The bottom line was he saw my business picking up and got greedy. His greed backfired. Ive transferred entire business online and Ive cut my overheads by 31% and turnover is up 26% last quarter. So for me its win win. For the landlord and his new imaginary tennent at €170 a week its lose lose - and back to empty shop:)
The shop owners in Dundrum should demand fair rents based on their shops profitability. There needs to be a good mix to enhance the overall viability of the complex. So its time for the landlord to wise up and help these struggling businesses.
I am glad to hear of the success of your business. :)

The Internet is a wonderful place with no greedy landlords. Cael and many of the other leftie wing nuts are constantly attacking the landlords and landed classes in Ireland blaming them for everything wrong in the world. This is obviously nonsense but you can see where their hatred comes form and sympathise a little with them.
 

TODevastated

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Joined
Oct 9, 2009
Messages
1,332
Folks its like this, the first signs of recovery in economy and landlords went nuts to increase rents. Id a small shop in Cavan and the landlord was charging €100 a week for it, and I took it on when it was empty 17 months!!!! I took it on initial 6 month trial, and at 6 months he told me he could get €170 a week for the shop from someone else.
I simply couldnt afford the €170 a week, so I called his bluff. The shop is now empty again, and has been for 13 weeks since I closed up end of March :)
The crazy thing about it was I knew this Landlord through my local FG organisation, knew him going back 5 years, canvassed with him and in fact he is also a near neighbour!!!!
The bottom line was he saw my business picking up and got greedy. His greed backfired. Ive transferred entire business online and Ive cut my overheads by 31% and turnover is up 26% last quarter. So for me its win win. For the landlord and his new imaginary tennent at €170 a week its lose lose - and back to empty shop:)
The shop owners in Dundrum should demand fair rents based on their shops profitability. There needs to be a good mix to enhance the overall viability of the complex. So its time for the landlord to wise up and help these struggling businesses.
interesting handle

are you really on the far right? perhaps youu might expand, to me, how far?

having said that the struggling businesses as you describe them pocketed all the loot in the boom so why support them now-market forces and all that??
 

donald

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Joined
Jun 18, 2010
Messages
27
As far as i know NAMA have nothing to do with Dundrum. If im wrong could somebody please inform.
 

Fantasia

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Nov 5, 2005
Messages
917
When at home i shop at the only decent outlet in DSC - Pennys
Excellent value for jeans sox shirts for men, etc..
 
Joined
Aug 6, 2007
Messages
22,622
Folks its like this, the first signs of recovery in economy and landlords went nuts to increase rents. Id a small shop in Cavan and the landlord was charging €100 a week for it, and I took it on when it was empty 17 months!!!! I took it on initial 6 month trial, and at 6 months he told me he could get €170 a week for the shop from someone else.
I simply couldnt afford the €170 a week, so I called his bluff. The shop is now empty again, and has been for 13 weeks since I closed up end of March :)
The crazy thing about it was I knew this Landlord through my local FG organisation, knew him going back 5 years, canvassed with him and in fact he is also a near neighbour!!!!
The bottom line was he saw my business picking up and got greedy. His greed backfired. Ive transferred entire business online and Ive cut my overheads by 31% and turnover is up 26% last quarter. So for me its win win. For the landlord and his new imaginary tennent at €170 a week its lose lose - and back to empty shop:)
The shop owners in Dundrum should demand fair rents based on their shops profitability. There needs to be a good mix to enhance the overall viability of the complex. So its time for the landlord to wise up and help these struggling businesses.
How could it be as a FGer greedy Landlord.
 

GDPR

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Joined
Jul 5, 2008
Messages
217,846
Read in the Sunday Times............sorry no thread that now that the Centre is open 5 years the rents are being reviewed. Eventhough we are in a "depression" the NAMA bound landlord is looking for average rent increases of 60% and the larger multiples/shops facing 90% increases as they remove rents based on turnover and switch to market rent.

The tenants should pull down the shutters in unison & tell him where to go :)

How to regain a competitive economy. Screw tenants? Great policy NAMA.
Do tell what any NAMA "policy" has to do with this rent increase.
 

Supermanpolitician

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Joined
May 8, 2007
Messages
1,030
I love being pedantic, but it seems to me this entire thread is not about Dundrum Shopping Centre, but Dundrum Town Centre.

Dundrum Shopping Centre has been around a very long time, is run down, drab, used to have a Tesco and a few other shops. About a quarter mile up the road you have Dundrum Town Centre, snazzy and sexy and new. This currently hosts Tesco, M&S, Penny's, BT2, Harvey Nichols, Weir's, Sony Centre, etc.

Perhaps a mod could change the thread title?
 


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