Dáil Éireann Debate, Tuesday - 26 July 2022
466. Deputy Jennifer Carroll MacNeill asked the Minister for Public Expenditure and Reform the status of the rent review of an office building complex (details supplied); the engagement that he and his representatives have had with the building's landlord since June 2020; and if he will make a statement on the matter. [40230/22]
Amharc ar fhreagraThe lease held by the Commissioners of Public Works (OPW) in respect of the office building referred provides for an upward/downward rent review at 5 yearly intervals in accordance with Consumer Price Index (CPI). The first rent review, due on 21st December 2021 was recently agreed between the Landlord and the OPW and is being formalised at present.
As with any major leased building, OPW has ongoing contact with the landlord of this particular property. One outstanding legacy issue remained to be addressed and, with significant goodwill on both sides, the parties have now arrived at an agreement in principle that will resolve the issue. Formal documentation is currently being finalised following which the OPW expects to be in a position to complete the agreement over the coming weeks.
