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Schroder REIT collects 85% of quarterly rent

Schroder REIT has collected 85% of rent billed for the first quarter of the year, the company has announced.

The sector breakdown of rent collected so far was: offices 94%, industrial 97% and retail/leisure 54%.

The group said it expects to recover a “significant portion” of the outstanding amount.

Asset management

The company completed the acquisition of two multi-let industrial estates in December 2020 for £36.5m, adding £2.7m of annual rent to the portfolio and significant growth potential.

It has also completed several lettings across its industrial portfolio including a lease renewal 34.9% ahead of the previous rent at its Millshaw Industrial Estate in Leeds.

SREI : Schroder REIT collects 85% of quarterly rent

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