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(Alliance News) - Hammerson PLC on Thursday said rent collection rates continue to improve following the lockdown period.
The London-based real estate investment trust said, as of Wednesday, all of its destinations were opened, with 94% of the flagship tenants permitted to trade by the relevant local governments in UK and Ireland open, and over 99% in France.
Hammerson said, at a group level, 41% of the fourth quarter rent has been received, with the UK collecting 38%, Ireland 33%, and France 51%.
In addition, the company confirmed that Rita-Rose Gagne, who was named chief executive officer & executive director on September 30, will join the board on November 2 and David Atkins will step down as CEO & executive director on this date.
Elsewhere, Hammerson said that the necessary clearances from the relevant competition authorities for the EUR301 million disposal of VIA Outlets to APG have been received. No further clearances or approvals are required and as a result the transaction is on track to complete in the final quarter of this year.
Hammerson shares were trading 3.8% lower in London on Thursday at 17.53 pence each, while in Johannesburg, the stock was down 4.6% at ZAR3.77 a share.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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