RNS Number : 6248L

LondonMetric Property PLC

14 January 2021

14 January 2021


Rent collection update

LondonMetric Property ("Company") announces an update on December 2020 rent collection.

The Company reports that, of the GBP22.8 million December quarterly and monthly rents due, it has collected 98% with a further 1% expected imminently. Rent collection is high across all sectors with distribution at 99%, long income at 98%, offices at 100% and retail parks at 95%.

The outstanding rent, therefore, is just over GBP0.2 million with active discussions continuing on GBP0.1 million and the balance subject to companies in administration; mostly relating to a property where we are securing vacant possession for a new letting to Lidl.

A further GBP0.9 million of rent is due by 1(st) February and also 1(st) March under agreed monthly rental concessions.

No further deferred payment plans have been agreed and all previously agreed plans are being honoured with GBP1.2 million collected to date.

For further information, please contact:

LondonMetric Property Plc

Andrew Jones / Martin McGann / Gareth Price

Tel: +44 (0) 20 7484 9000

FTI Consulting

Dido Laurimore / Richard Gotla / Andrew Davis

Tel: +44 (0) 20 3727 1000


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(END) Dow Jones Newswires

January 14, 2021 02:00 ET (07:00 GMT)

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