X

X

Advertise

Mortgage & Property

New Insurance Professional

Family Office Bulletin

Advertise

Mortgage Property

Insurance Professional

Family Office

Derwent London collects 83% of December rent

(Sharecast News) – Derwent London has collected has received 87% of its December office rent – which represents around 91% of its total rental income – but just 26% of its retail/hospitality rent.
The group, which has received 83% of its total rent for last month, noted that the office collection rate is higher than the equivalent figures released for the September and June quarters. A further 3% of total rent is expected later in the first quarter and another 5% later in 2021.

The company said a further 3% of office rent is due later within the first quarter, with an additional 6% under agreed plans payable later in the year.

Rent-free periods have been granted on 1% of total rents, in the retail and hospitality sectors, it said.

Broker Liberum, which rates Derwent at ‘hold’, said: “We think is a good result for DLN with improved collection rates for the current period and now less than 5% of total annual rent for 2020 still outstanding or waived.”

This Week’s Most Read

Keep updated on the most important financial events 

Make sure you are an informed

wealth professional..

Adblock Blocker

We have detected that you are using

adblocking plugin in your browser. 

IFA Magazine