LONDON (ShareCast) - (Sharecast News) - Derwent London said on Tuesday that for the June quarter to date, it had received 75% of office rents and 70% of the portfolio's overall rent.
The FTSE 250 company reported that, after adjusting for rents deferred or waived, it had now received 93% of office rents and 90% of rents due.

Rent free periods had been granted on 4% of total rents, mainly in the retail and hospitality sectors.

As part of its ongoing support for our occupiers, Derwent said it had waived 25% of service charges for both the March and June quarters, at a cost of around £4m.

For the June quarter, Derwent said 1% of rents due were on payment plans for 2020, 8% were on payment plans for 2021, 8% remained outstanding, and 4% were granted rent free status.

"Since we last reported on 8 April, the rents agreed to be paid later within the March quarter have been received in full," the board added in its statement.

"Consequently, we have now received 81% of March rents - 98% of rents due - with another 11% subject to agreed payment plans.

"The group has now received 86% of the March office rents - 99% of office rents due - with another 11% subject to payment plans."

For the March quarter, 4% of rents were on payment plans for 2020, 7% on payment plans for 2021, 2% outstanding, and 6% granted rent free status.

At 0831 BST, shares in Derwent London were down 1.02% at 2,898p.

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