Capital & Regional optimistic as more tenants resume business
The group said it had collected about 40% of all rent that was due from March 25 to date
03 July 2020 - 10:49
Retail property group Capital & Regional said that while the closure of some retailers under lockdown weighed on its rent collection, it remained optimistic as more tenants reopened their businesses.
The UK-focused property group with a portfolio of seven community shopping centres said it had seen an increase of tenants resuming trading since the easing of restrictions on June 15, allowing for non-essential retailers to reopen. To date, 470 stores — 74% of its units — in its shopping centres are operating from just 68 stores in early May...
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