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	22/03/2013	Property Week, Kat Spybey - Dreams founder buzzes about stores as Sun seeks rent cuts

	Sun Capital in talks with landlords after Dreams prepack

	Property Week reports that Dreams new owner Sun Capital Partners has begun negotiations with landlords in an attempt to reduce rents by up to 40% on the worst-performing stores. Sun Capital has appointed Capa to advise on the store portfolio, which is believed to have an annual rent bill of around £30m. Talks were initiated this week with the ultimate aim of reducing this by as much as £10m. Deals will be agreed on a store-by-store basis. Stores will be returned to the administrator if new terms - including rent cuts of between 15% and 40%, rent-free periods of around a year, and downsizes or relocations - cannot be agreed. It is thought that Sun Capital could also consider introducing its other furniture brands into any extra space either as a concession or a sublet.

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Sun Capital in talks with landlords after Dreams prepack