CLS Holdings, which owns offices in the UK, France and Germany, has received 90% of rent for the first quarter of 2021. This compares with a rent collection in the same period last year (before the impact of COVID-19 was felt) of 91%. The group said the collection rate increases to 93% when taking into account tenants […]
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 […]
Tritax Big Box REIT has reported a like-for-like increase in the value of its portfolio of around 8% in the six months to the end of December 2020. The group said the second half of 2020 saw a significant increase in the value of prime, larger scale, UK logistics real estate assets let to high calibre occupiers […]
Schroder European REIT has announced it collected 89% of rent for the final quarter of 2020. This was ahead of the previous two quarters collection rate, which stands at 87%. The company also announced its quarterly portfolio valuation, which increased by 1.4% on the September 2020 valuation to €276.1m. The valuation increase was driven by […]
Derwent London, the central London office developer and owner, has collected 83% of rent for the first quarter of 2021. The group said it has received 87% of the £40.9m office rent for the quarter, which is higher than the previous two quarters at an equivalent time. It has received just 26% of the £3m it […]
Land Securities has received just 50% of normal rental levels for the first quarter of 2021. The company, which predominantly owns a large retail portfolio and London offices, had collected £66m of the £112m due five days after billing tenants on 25 December 2020. It collected 81.25% of the £64m rent due from its office […]
Irish commercial property owner Yew Grove REIT has announced it has collected almost 100% of rents for the first quarter of 2021. All quarterly rent billed for the current quarter at the end of December, which accounts for 90.35% of its rent roll, has been received. Just €3,175 of the monthly rental agreements, which account […]
Student accommodation specialist Unite has announced a rent discount for students following the latest lockdown in the UK. It said its student tenants will be able to apply for a discount of 50% of their rent for a total of four weeks and, in addition, will be given a four-week complimentary extension of their tenancy agreement […]
British Land has provided an update on operational performance in which rent collection was at 71% for the first quarter of 2021. The group said of the £86m billed (which doesn’t include Scottish assets that are billed in February and quarterly payments for February and March), 24% was outstanding – the majority of which was […]
Forced closures, withheld rent and suspended dividends, the real estate sector had a tumultuous 2020. There were, however, some property sectors and companies that performed well during the year. So, what can be gleaned from looking at the performance of individual property companies during an unprecedented year of disruption, especially as we enter a third […]
Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.
Due to data protection policies, USA residents can not access our data.
Your content has been curated