The landlord mentioned considering that its 50 percent 12 months final results on 5 August occupiers have been “ready to work in all territories with negligible Covid-19 restrictions”. As a result, footfall across its centres has been around 15-20% down below 2019 amounts. In addition, some centres exceeded 2019 stages through the August bank holiday break weekend and have ongoing to accomplish properly because.
Rent collections have also enhanced. Hammerson’s hire collections for the 2020 money calendar year stand at 94%, and hire collections for this calendar year to day stand at 78%.
Hammerson stated: “We continue to be concentrated on accumulating arrears. We do not anticipate granting foreseeable future concessions and all avenues to acquire rents because of are staying pursued.”
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