Hammerson says rental collection is improving after Covid-19 shutdowns
JSE-listed Hammerson, which owns retail shopping centres in the UK and Europe, says rental collection is steadily improving as tenants resume operating after Covid-19 shutdowns.
At a group level, 41% of the group’s fourth-quarter rent has been received, with the UK collecting 38%, Ireland 33%, and France 51%, the group said in an update. Hammerson has a December year-end.
“As at 14 October, all of the group’s destinations are open, with 94% of the flagship tenants permitted to trade by the relevant local governments in UK and Ireland, and over 99% in France,” the statement said.
Hammerson had a portfolio valued at about £7.7bn (R166bn) at the end of June, when it reported net debt of £3bn.
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