British Land PLC (LON:BLND) said the performance of its retail parks is almost back to levels pre-the Coronavirus pandemic, while rent collections were also picking up.
In the seven weeks since non-essential shops were allowed to reopen, total retail footfall and sales were 84% and 96% respectively of levels before lockdown.
Retail parks, though, are running at 96% and 99% of pre-pandemic levels, which the FTSE 100 giant said indicates they are clearly outperforming other areas of retail.
Retail park values are also recovering with a 0.7% rise for the quarter to June.
Elsewhere, British Land added that lettings of office space had also improved, with 183,000 sq ft of campus space let in the current quarter including 134,000 sq ft at Broadgate in the City of London.
Some 85% of June 2021 rent has been collected to date comprising offices 99% and retail 71% which was 24 percentage points ahead of the December quarter at the same point and 17 points better than at this point in March.
Collections for March quarter are now running 91% overall, comprising 99% in offices and 85% in retail.
Simon Carter, chief executive, said: "With lockdown restrictions lifting, we have seen a notable improvement in activity across our markets and our business is performing well.
“On our retail parks, footfall and sales are close to pre pandemic levels, rents are stabilising with recent deals in line with March ERV and there are indications that retail park values are starting to rise as more investors target the market.
“At Storey, our flexible workspace offer, activity is above pre pandemic levels. Elsewhere on our Campuses, we see good occupier interest for new and refurbished space.”