Shopping centre owners still struggling to collect rent in Covid crisis

Landlords yet to receive more than half of payments from struggling retailers

Struggling retailers increased the amount of rent paid to their landlords in September compared with three months earlier but still left property owners waiting to receive more than half of due rental payments.

Landsec, the property group behind the Trinity Leeds shopping centre and Bluewater in Kent, said that it had collected only a third of rents from its retail tenants, five working days after they were due, compared with 82% of rental payments from office tenants.

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