Hammerson has collected 70% of billable rent for the latest quarter.
The retail REIT said it had billed for £41m for Q4 2021, of which £3m was waived, written off or delayed. Some £27m had been collected, leaving £11m outstanding.
Hammerson is currently owed £41m in outstanding rent for the year to date, and £14m from 2020.
In a trading update published this morning, Hammerson said: “We remain focused on collecting arrears. We do not anticipate granting future concessions and all avenues to collect rents due are being pursued.”
Rent collections in France were markedly worse than in the UK, coming in at just 65%, while the UK level was 74% and Ireland was 71%.
Hammerson said that footfall at its sites was now just 15% to 20% lower than 2019 levels, “although some centres in the UK exceeded 2019 comparable levels around the key August bank holiday weekend and have continued to perform strongly since”.
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