The owner of Birmingham s Bullring shopping centre has revealed it collected less than half of rent due in the second quarter despite the recent easing of trading restrictions in the UK.
Hammerson said only 40 per cent of total rent payments had been received by them, including 48 per cent in its UK division, around a third in Ireland, and just 23 per cent in France, where all non-essential retail stores are currently shut.
It added that it does not expect its operational performance in France to materially improve until the latter half of the year when it hopes the last of three proposed French government state aid packages regarding rent and fixed costs is enacted.
Hammerson has received only 40% of second quarter rent
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Bullring owner Hammerson in talks over selling seven UK retail parks
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