Business
March 2021 Rent Collection
March 2021 Rent Collection.
About this update from Derwent London Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2018V\n Derwent London PLC\n 13 April 2021\n \n \n \n \n \n Derwent London plc \n \n (\"Derwent London\" / \"the Group\")\n \n \n MARCH 2021 RENT COLLECTION\n \n \n \n \n \n \n \n \n \n A summary of Derwent London's rent collection to date for the March 2021 Quarter Day is provided below. These collection rates are higher than for the previous four quarters at an equivalent time. We also update the current rent collection statistics for the December 2020 and September 2020 quarters. \n \n \n \n \n \n March 2021 Quarter Day\n \n \n \n \n \n · \n Offices represent 91% of the Group's total rental income and to date the Group has received 91% of these March 2021 Quarter Day rents. The office collection rate compares to 78% reported on 8 April 2020 for the March 2020 Quarter Day \n \n \n · \n We have now received 87% of total rent, with a further 5% expected later in the quarter \n \n \n · \n Rent-free periods have been granted on 1% of total rents, mainly for retail and hospitality tenants \n \n \n · \n March 2021 Quarter Day receipts include rent deposits of £38k\n \n \n · \n 89% of service charges for the quarter have been received so far\n \n \n \n \n \n \n \n \n \n \n \n \n March 2021 quarter\n \n \n \n \n \n \n \n \n \n \n Current position\n \n \n \n \n Office\n \n \n \n \n \n \n \n Retail/\n \n \n Hospitality\n \n \n \n \n Total\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Received to date\n \n \n \n \n 91%\n \n \n \n \n 24%\n \n \n \n \n 87%\n \n \n \n \n \n \n \n \n \n \n Due later in the quarter\n *\n \n \n \n \n 4%\n \n \n \n \n 13%\n \n \n \n \n 5%\n \n \n \n \n \n \n \n \n \n \n Outstanding\n \n \n \n \n 4%\n \n \n \n \n 54%\n \n \n \n \n 7%\n \n \n \n \n \n \n \n \n \n \n Rent-free granted\n \n \n \n \n 1%\n \n \n \n \n 9%\n \n \n \n \n 1%\n \n \n \n \n \n \n \n \n \n \n Total\n \n \n \n \n 100%\n \n \n \n \n 100%\n \n \n \n \n 100%\n \n \n \n \n \n \n \n \n \n \n £39.4m\n \n \n \n \n £2.8m\n \n \n \n \n £42.2m\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n *Principally monthly receipts\n \n \n \n \n \n December and Septem...