Home UK Derwent London and Helical Bar see rental collections at around 75%

Derwent London and Helical Bar see rental collections at around 75%

69
0
SHARE

Derwent London PLC (LON:DLN) and Helical PLC (LON:HLCL), the commercial property groups, have both reported rental collections well below normal for the June quarter.

Derwent London said that for the June quarter so far it had collected 75% of offices rents due and 70% from the portfolio in its entirety.

The FTSE 250 member added that with waiver and deferrals those totals rise to 93% and 90%, though it added that it had waived a quarter of its service charge for the past two quarters at a cost of £4mln.

Derwent said it had now received 86% of the March office rents due.

London and Manchester-focused Helical pointed out that it had received 76.2% of June quarter rents.

A further 14.6% of tenants had agreed to pay in instalments in the period leading up to the September quarter day.

“We have granted rent-free periods on Read More – Source

[contf]
[contfnew]

Proactiveinvestors

[contfnewc]
[contfnewc]