Retail-foused property owners have suffered another disappointing day of trading, as the government extended a moratorium blocking landlords from evicting distressed tenants.
Intu’s shares dropped 18.57% to 5p, while Hammerson was down 8.6% to 104.65p, making it the biggest faller in the FTSE 250.
Land Securities finished trading down 2.8% at 605.8p, the furthest falling REIT in the FTSE 100. British Land was one place behind, losing 1.8% to close at 405.2p.
Shaftesbury dipped 2.6% to 570.5p, and NewRiver REIT was down 2.3% to 67.70p.
The falls came as the government announced that the moratorium measures introduced in March to support high street businesses had been extended to 30 September.
Secondary legislation will also be laid out to prevent landlords using commercial rent arrears recovery, unless they are owed 189 days of unpaid rent. The time period for this measure will also be extended to the end of September.
The FTSE 100 ended the day up 1.1% on 6,292. The FTSE 250 ended up 0.97% on 17,687.
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