Capital & Regional says rent collection and footfall is improving
UK shopping centre owner Capital & Regional says footfall picked up in September, when mall visits were about three-quarters of the same month in 2019.
September footfall was 76.1% of the prior-year equivalent, while car-park usage was at about 78%, the group said.
“Of the quarterly rent due on or since the 29 September 2020, we have received, or expect to imminently receive, 51%. This compares to less than 40% collected at the equivalent point in the previous quarter,” the group said.
Capital & Regional owned seven community shopping centres worth £611.3m (R13.5bn) at the end of June.
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