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Hickey's Pharmacy in clash over rent with property giant Hines

Chain owner tells landlord it can only pay 10pc of Grafton Street rent

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'Hickey told Martin that the pharmacy would pay 10pc of the rent until the crisis ended.' Photo: Arthur Carron/Collins

'Hickey told Martin that the pharmacy would pay 10pc of the rent until the crisis ended.' Photo: Arthur Carron/Collins

'Hickey told Martin that the pharmacy would pay 10pc of the rent until the crisis ended.' Photo: Arthur Carron/Collins

Irish chemist chain Hickey's Pharmacy has clashed with international property giant Hines over its rent in Grafton Street, Dublin.

Hines, which owns more than €3bn worth of property in Ireland, demanded full payment of Hickey's €43,000 Grafton Street rent for the month of April after the head of the pharmacy said it could only pay 10pc of the total until after the Covid-19 crisis.

Pharmacy chain owner Paddy Hickey subsequently wrote to prominent politicians describing the exchange with his Grafton Street landlord. "It is reminiscent of the 19th century rack-renting landlords that we all learned about in school, and which, if unchecked, will inevitably lead to the failure of Irish family-owned businesses like ours, and the consequent tsunami of job losses," he wrote.