Dublin-listed property investment and development group Real Estate Opportunities has reviewed rent at Vodafone’s Co Dublin premises, raising it by 12 per cent.

The new €7.2 million a year rent will be backdated to October 2006. The lease on the 263,000sq ft property, at Central Park in Co Dublin, will expire in 2026.

REO chairman Ray Horney said the review had been completed at a significant premium to passing rent.