July 1 (Reuters) - Mall operator Hammerson said on
Wednesday it has collected just 16% of rents due in the UK
during the third quarter at June-end, as retailers struggled
during the coronavirus lockdowns.
The British company, whose rival Intu Properties
just called in administrators, said it has received approval for
issuance of up to 300 million pounds under the government's
Covid Corporate Financing Facility (CCFF), bumping up its
maximum liquidity to 1.5 billion pounds.
(Reporting by Muvija M in Bengaluru; Editing by Bernard Orr)
Hammerson (HMSO)
