Derwent London says rent collections at 80% but hospitality and retail struggling

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Derwent London PLC (LON:DLN) said it has collected 80% of its September quarter rent due totalling GBP45.2mln, a sum higher than both the June and March 2020 quarters at an equivalent time.


The FTSE 250-listed commercial property group added that it had also continued to receive rent for earlier quarters.


June collections are now at 84%, it said, up from the 70% revealed on July 7, 2020, with an additional 8% still to be received from agreed payment plans.


Derwent added it has received 83% of office rents for the September quarter, 11% better than the previous quarter at the comparable time, though retail and hospitality collections were running at 40%.

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