Subscribe to our newsletter

UK retailers pay only 14% of £2.5bn rent due this week

UK retailers stumped up just 14% of the £2.5bn quarterly rent bill due this week, as the high street crisis triggered by the lockdown reverberated through the property industry.

UK retailers pay only 14% of £2.5bn rent due this week
smsfadviser logo
  • Shared by the Guardian
  • June 26, 2020
share this article

The collapse in the rental take to a record low adds to the woes of Intu Properties, one of Britain’s largest shopping centre owners, which on Friday faces a deadline to convince lenders to grant a debt repayment holiday. If talks break down, the owner of the Trafford Centre in Manchester says it could go into administration.

Read more at the Guardian

Receive the latest Financial Accountant news,
opinion and features direct to your inbox.

related articles