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(Alliance News) - Hammerson PLC on Tuesday said its portfolio saw encouraging retail footfall over the Christmas trading period and has seen an increase in rent collections.
The London-based property development and investment company is focused on shopping centres and other retail properties, which have taken a major hit during the coronavirus pandemic. It reported good footfall recoveries during the Christmas trading period from November 30 to December 24, following the easing of lockdowns at the end of the November.
At a group level, Hammerson reported that rent collection in the first quarter to date is at 41%. By geography, the UK has seen 41% of rent collected, France 46% and Ireland 31%.
To date in the first quarter, a total of GBP19.8 million has been collected with GBP28.8 million outstanding.
Rent collection for last year is sitting at 75%, with GBP43.7 million still outstanding. Of the GBP265.2 million payable for the year, GBP4.7 million is deferred or not yet due, while GBP21.4 million has been waived.
On Monday morning, Hammerson shares were up 1.5% at ZAR4.83 each in Johannesburg and up 2.0% at GBP23.42 each in London.
By Greg Roxburgh; gregroxburgh@alliancenews.com
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