Town Centre Securities today said it has collected three quarters of rents due for the most recent quarter.
The property investment firm said 76% of rents – about £3.9m – had come in for the most recent period, while 85% had been collected for the period from March to December.
The London-listed firm said that rent for the most recent quarter was “consistent with previous quarters’ levels at this stage”.
However, it added that hotel brand Premier Inn, owned by Whitbread, unexpectedly paid only half of its rent due for the latest quarter, leaving £0.1m unpaid.
TCS said this was unexpected, with no agreement made.
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