Hammerson PLC (LON:HMSO) said it had received around 41% of rents due for the fourth quarter to end-September 2020, which was a slight improvement on the total at the same point in June.
The troubled shopping centre owner, which had to raise £552mln from shareholders in August to avoid going bust, said UK collections were 38%, Ireland 33% and France 51%.
Hammerson added that it expects rates of collection in the last two quarters to improve further now that most sites had reopened again.
The group said it has introduced a range of support measures for tenants including monthly payments and in some cases waivers, particularly for smaller and independent brands.
Rita-Rose Gagné takes over as Hammerson’s new chief executive on November 2, 2020, the company also confirmed today, with David Atkins to step down on that date.
The group also said that competition authority approval for the sale of its stake in European joint venture Via Outlets for €301mln has now been received and Hammerson expects the deal will be completed in the final quarter of 2020.