Landlords yet to receive more than half of payments from struggling retailers

Struggling retailers increased the amount of rent paid to their landlords in September compared with three months earlier but still left property owners waiting to receive more than half of due rental payments.

Landsec, the property group behind the Trinity Leeds shopping centre and Bluewater in Kent, said that it had collected only a third of rents from its retail tenants, five working days after they were due, compared with 82% of rental payments from office tenants.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Dominic Cummings’ ‘misogynistic’ messages seen by Covid inquiry, George Osborne says

Former chancellor says WhatsApp messages between Boris Johnson and key advisers are…

Labour MP Wes Streeting recovers from kidney cancer

Shadow minister says he is ‘back at work, fighting fit and cancer-free’,…

Serco injected £60m to prop up pension fund after market meltdown

£1bn scheme is latest to scramble to raise cash after chancellor’s tax-cutting…