Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Real estate company Great Portland Estates said it had collected 84% of rent for the year ended 31 March, with collections in the final quarter ahead of all four previous quarters.
For the quarter to 31 March 2021, 79% of rents due was secured within seven working days, compared with 68% by the December quarter, which had now risen to 81%, the company said.
The easing of Covid-19 restrictions is expected to boost rent collection and letting activity, the company said. Ten new lettings was completed during the quarter, generating £4.4 million annual rent.
Looking forward, the company said it was discussions with Southwark with the aim of submitting a planning application for Minerva House, SE1 in the coming quarter.
Annual results was expected to be released on Wednesday 19 May 2021.
At 8:00am: (LON:GPOR) Great Portland Estates PLC share price was 0p at 688p