Hammerson collects 38% of rents

SHOPPING centre owner Hammerson has told investors it only collected 38 per cent of its UK rents due for the current quarter after shop tenants were hit by the pandemic.

The company, which owns Birmingham’s Bullring, said it collected 41 per cent of rents across the global business, as the retail sector continues to struggle.

It said that, as of October 14, all of its shopping destinations had reopened, with 94 per cent of its tenants allowed to trade in the UK and Ireland.