Struggling retailers paid less than a third of June rent, says malls owner

Tenants of Landsec, which also runs Trinity Leeds shopping centre, paid 92% of bill last year

Landsec, the property group behind the Trinity Leeds shopping centre and Bluewater in Kent, said struggling retailers paid less than a third of the rent due last month.

Retailers paid only £9m of the £31m rent due on stores on 24 June, which equates to 29% of the total. This time last year its retail tenants paid 92% of the bill.

Continue reading… Source: The Guardian: Struggling retailers paid less than a third of June rent, says malls owner ———

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