"The High Court heard contrasting rental valuations for a property at 78-79 Grafton Street, with Bewley's claiming €1 million against a valuation of €518,000."
"The court considered the rental history and improvements made by Bewley's, contributing to the ongoing dispute over the fair rental value post-lease expiration."
The ongoing legal battle between Bewley's Café Grafton Street Ltd and RGRE Grafton Limited involves a significant rental dispute regarding a property in Dublin's Grafton Street. Bewley's claims rent should be €1 million, while the opposing valuer proposes €518,000, representing a major discrepancy of over €2.5 million over five years. The disagreement is rooted in the methods used for valuation and the context of Bewley’s previous higher rent of €1.46 million. The Circuit Court had previously halved the rent, citing adjustments for tenant improvements and the market value relevant to both parties.
Read at Irish Independent
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