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THE owner of Westquay has revealed it has collected only 41 per cent of the rent due for this quarter from tenants as the Covid-19 lockdown took its toll. Hammerson’s property portfolio includes Birmingham’s Bullring and London’s Brent Cross as well as Southampton’s major shopping centre. It said it had collected only £19.8million of the £61.5m rent payable in advance for the first quarter of 2021. Around £12.9m has been deferred or is not yet due, with £28.8m outstanding, t...

Landlord Hammerson reveals just 41% of rents collected PA 19 January 2021, 8:24 am Commercial landlord Hammerson has revealed it collected just 41% of rent from its tenants as the Covid-19 lockdown restrictions took their toll on the business. Bosses at the company, which owns Birmingham’s Bullring and London’s Brent Cross, said of the £61.5 million rent due by the end of 2020 just £19.8 million was collected. Around £12.9 million has been deferred or not yet due, with £28.8 million out...

Commercial landlord Hammerson, which owns Silverburn, has revealed it collected just 41 of rent from its tenants as the Covid-19 lockdown…

Chiefs at the company said of the £61.5 million rent due by the end of 2020 just £19.8 million was collected.