Land Securities said on Friday that its rent collection rates continue to improve.
As at 12 October, the company had collected 85% of rent in respect of the September 2021 quarter, up from 81% at the same stage for the June quarter.
Regional retail rent collection was up from 73% at the same point for the June quarter to 83%, while Rest of Central London was 80%, versus 71% in the prior quarter.
Rent collection for urban opportunities and offices was unchanged at 50% and 95%, respectively.
Landsec said that of the £13m of rent outstanding, £5m relates to customers who have withheld payment pending documentation of agreed concessions.
