Derwent reports improved rent collections

(Sharecast News) - Property company Derwent London reported improved rent collections in March and £1.3m of new lettings in the year to date as the capital started to return from the latest Covid-19 lockdown.
The company on Thursday said it had collected around 93% of first quarter day rent, up from 87% on 13 April with another 4% expected later in the quarter. Vacancy rates rose to 2.3% from 1.8% in December.

"We are seeing a marked increase in activity across our portfolio as London is emerging from lockdown and we now have £5.6m of lettings completed or under offer. Our occupiers are telling us that they are keen to return to their offices as the economy bounces back," said chief executive Paul Williams.

Derwent London