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LXi REIT paid 84% of June rent

LXi REIT has said it has collected 84% of rent owed for 24 June.

It said a further 6% was already subject to deferral plans agreed last quarter, of which the majority will be due over the next three months.

The landlord said 6% has been temporarily waived, with Travelodge making up the bulk of this, and some 4% is subject to ongoing negotiation.

March arrears have now been settled, in line with the Travelodge CVA announced on 19 June.

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