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
