LondonMetric Property has collected 98% of rent for the first quarter of 2021.
The group, which has a large logistics portfolio as well as a long-income portfolio, said that of the £22.8m billed for the quarter and monthly for January, 98% has been received with a further 1% expected imminently.
A sectoral split shows rent collection is high across all sectors with logistics at 99%, long income at 98%, offices at 100% and retail parks at 95%.
Outstanding rent is just over £0.2m. It said active discussions were continuing on £0.1m and the balance was subject to companies in administration – mostly relating to a property where it is securing vacant possession for a new letting to Lidl.
A further £0.9m of rent is due by 1 February and also on 1 March under agreed monthly rental concessions.
All previously agreed deferment plans have been honoured with £1.2m collected to date.
LMP : LondonMetric collects 98% of rent