LondonMetric Property PLC Rent collection update
RNS Number : 6248L
LondonMetric Property PLC
14 January 2021
14 January 2021
LONDONMETRIC PROPERTY PLC
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
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)