McKay Securities collects 86% for first quarter

McKay Securities has collected 86% of rent for the current quarter, it has revealed.

The group, which owns offices and industrial and logistics assets in London and the South East, said the first quarter collection figure increases to 91% when monthly payments are factored in.

It also revealed that for the financial year to the end of March 2021 it has received 91% of all contracted rent, which increases to 95% on receipt of the monthly payments for the rest of this quarter and agreed deferred payments being included.

It said it anticipates up to a further 3% being collected of the outstanding balance, which would bring the total collection rate for the year to March 2021 to 98%.

MCKS : McKay Securities collects 86% for first quarter

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