Property income prospects dimmed by Covid-19

Property income prospects dimmed by Covid-19

Some commercial property groups were already facing immense pressure on their rental income streams long before Covid-19 reared its head. For retail property landlords such as Hammerson (HMSO), the government-enforced closure of all nonessential retail stores and leisure facilities has meant heavy reductions in rent collections, with the aforementioned group collecting just 37 per cent of UK rent billed for the second quarter.

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