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Town Centre Securities collects 88% of Q2 rents

Town Centre Securities has collected 88% of the £4.9m rent due for the latest quarter.

It has agreed to defer a further 8%. Since March 2020 it has billed for £35.9m and received £32m, or 89%.

Chair and chief executive Edward Ziff said: “Rent collection is continuing to improve with the current quarter showing the highest level of recovery during the entire Covid-19 period, when one includes amounts agreed to be deferred.”

He added that this demonstrated “the resilience, quality and diversified nature of our continuing portfolio” and a strong relationship with its tenants.

 

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