Business
September 2020 Rent Collection
September 2020 Rent Collection.
About this update from Derwent London Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8501B\n Derwent London PLC\n 13 October 2020\n \n \n \n \n \n Derwent London plc \n \n (\"Derwent London\" / \"the Group\")\n \n \n SEPTEMBER 2020 RENT COLLECTION\n \n \n \n \n \n \n \n \n \n We provide below a summary of our September Quarter Day rent collection to date, an update for the June and March quarters and progress on lease regears and new lettings since June 2020. \n \n \n \n \n \n The Group has currently collected 80% of its September Quarter Day rent, which is higher than both the June and March 2020 quarters at an equivalent time. We have continued to receive rent in relation to those earlier quarters, June rent collected is now 84% compared with 70% when first announced on 7 July, with an additional 8% still to be received from agreed payment plans.\n \n \n \n \n \n Our Q3 business update is due to be published on 5 November 2020. \n \n \n \n \n \n September Quarter Day\n \n \n \n \n \n \n To date the Group has received 83% of office rents, an 11% improvement over the equivalent figures released on 7 July for the June quarter and 6% higher than March. A further 7% is due later in the quarter with an additional 5% under agreed plans payable in 2021\n \n \n We have now received 80% of the total rent demanded with 8% due later in the quarter and another 5% in 2021\n \n \n Rent free periods have been granted on 1% of total rents, mainly in the retail and hospitality sectors \n \n \n September quarter receipts include rent deposits of £46k\n \n \n 88% of service charges for the quarter have been received so far\n \n \n \n \n \n \n \n \n \n \n \n \n \n September 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 Retail/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 83%\n \n \n \n \n 40%\n \n \n \n \n 80%\n \n \n \n \n \n \n \n \n \n \n Due later in the quarter\n *\n \n \n \n \n 7%\n \n \n \n \n 18%\n \n \n \n \n 8%\n \n \n \n \n \n \n \n \n \n \n Payment plans 2020\n \n \n \n \n 0%\n \n \n \n \n 0%\n \n \n \n \n 0%\n \n \n \n \n \n \n \n \n \n \n Payment plans 2021\n \n \n \n \n 5%\n \n \n \n \n 0%\n \n \n \n \n 5%\n \n \n \n \n \n \n \...