Courts / Dublin / Report

Landlords of landmark properties can take action against Debenhams

Summary

The High Court has allowed Heritage ICAV and Kilmaloda Ltd, landlords of Debenhams' Henry Street and Patrick Street premises, to commence proceedings against Debenhams Retail Ireland Ltd. The landlords seek declarations that the leases have been terminated and orders for unpaid rent. The Irish arm of Debenhams, which operated 11 stores and employed 1,500 people, entered liquidation after its UK parent, Debenhams Plc, went into administration. The leases were originally held by the UK parent and then subleased to the Irish subsidiary. The landlords' counsel stated that the quarterly rent for the Henry Street store was €1.4 million and €814,000 for the Cork store. The liquidators, Kieran Wallace and Andrew O'Leary of KPMG, are maintaining a neutral stance. The landlords intend to regain control of the premises and make them available for commercial use as soon as possible.

Who, what, where, when and why

What: Report matter: Landlords of landmark properties can take action against Debenhams. Procedural stage: hearing_or_decision

When:

• 2018 and 2019 Other
• 2020-06-15 Publication

Why: Permission to bring the proceedings was required from the court because the Irish arm of the department store group is in liquidation. CNI source report

Places mentioned

Topics

Stage Hearing Or Decision

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Read the original CNI report