McKay Securities has announced it has collected 74% of its June quarter rent across its office, industrial and logistics portfolio.
Including monthly and deferred payments, this rises to 92%, with discussions continuing over the remaining 8%.
The REIT focuses on properties in the South East and London.
It said it has now also collected 82% of its March quarter rent, or 97% including deferred payment agreements.
Chief executive Simon Perkins said: “Occupational strategies will continue to evolve, and our office properties are well placed to meet a shift to decentralised suburban M4 and western M25 locations.
“We are mindful of the evolving impact of Covid-19 on the economy, but it is encouraging to see increasing occupation of our portfolio properties as the lockdown is eased.”
In a trading update for the period from 1 April to 22 July it said it had completed two new lettings and nine lease renewals with an ERV 19.7% up on contracted rent.
McKay Securities has boosted its balance sheet through the completion of its sale of 30 Lombard Street, EC3, releasing net proceeds of £65m. It said selective acquisition opportunities are still being considered.
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