In its update on UK June quarter rent collection, SEGRO announced:
- As at 7 July 2020, we had received 93 per cent of the £37 million of rent which was due on the UK quarterly payment date after adjusting for re-profiled rent agreed with customers.
- We continue to work proactively and constructively to support customers impacted by the Covid-19 pandemic on a case by case basis. As a result, £9 million of rent ordinarily due on the UK quarterly payment date has been re-profiled, mostly to be paid in the second half of 2020.
With regard to payments for the second quarter of 2020 across our UK and Continental European portfolio, as at 30 June 2020, 98 per cent of the £88 million rent due has been paid after adjusting for re-profiled rent agreed with customers (£13 million). 2 per cent of the rent due (approximately £1.5 million) remains to be paid.