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June Quarter

  • To date we have received 75% of the quarter’s office rents and 70% of the portfolio’s overall rent
  • After adjusting for rents deferred or waived (see table below), we have now received 93% of the office rents and 90% of rents due
  • Rent free periods have been granted on 4% of total rents, mainly in the retail and hospitality sectors
  • As part of the ongoing support for our occupiers, we have waived 25% of service charges for both the March and June quarters. The cost to the Group is estimated at c.£4m

March Quarter update

  • Since we last reported on 8 April 2020, the rents agreed to be paid later within the March quarter have been received in full. Consequently, we have now received 81% of March rents (98% of rents due), with another 11% subject to agreed payment plans
  • The Group has now received 86% of the March office rents (99% of office rents due), with another 11% subject to payment plans
June 2020 Rent Update image