Helical PLC Rent Collection Update (6116L)
January 14 2021 - 2:00AM
UK Regulatory
TIDMHLCL
RNS Number : 6116L
Helical PLC
14 January 2021
14 January 2021
HELICAL PLC
("Helical" or the "Group" or the "Company")
RENT COLLECTION UPDATE
Helical today provides details of the December 2020 quarter's
rent collection to date and an update on the rent collection for
the June and September quarters.
December Rent Quarter
81.8% of all rent contracted and payable on the December quarter
day has been collected with a further 10.6% to be collected under
payment plans by the March quarter day. Of the balance, rent
holidays have been granted on 3.5%, mainly to F&B occupiers,
leaving 4.1% subject to ongoing discussions with tenants.
This quarter's proportion of rent collection is slightly down on
the corresponding date for the September quarter following the sale
of three buildings in Manchester in November 2020 and the impact of
a tenant who, following the expiry of a rent-free period in October
2020, has yet to pay its rent.
June and September Rent Quarters
91.8% of the June quarter's rents due have been collected to
date. Of the remaining 8.2%, Helical has granted rent concessions
on 4.4% and discussions continue on the remaining 3.8%.
90.5% of the September quarter rents due have been collected to
date. Of the remaining 9.5%, Helical has granted rent concessions
on 3.1% and discussions continue on the remaining 6.4%.
For further information, please contact:
Helical plc 020 7629 0113
Gerald Kaye (Chief Executive)
Tim Murphy (Finance Director)
Address: 5 Hanover Square, London,
W1S 1HQ
Website: www.helical.co.uk
Twitter: @helicalplc
FTI Consulting 020 3727 1000
Dido Laurimore/Richard Gotla
schelical@fticonsulting.com
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