Industrial and logistics giant SEGRO has revealed it has collected 98% of all rent billed for 2020, reflecting the strength of the sector.
Broken down into UK and European portfolios, SEGRO has collected 97% of the £245m billed on its UK assets and 98% of the £172m billed in Europe.
The group said it had also received 88% of rent due for the first quarter of 2021, with 8% being deferred (including monthly payments) and 4% outstanding.
This collection rate was higher than the equivalent time in each of the previous three quarters, it added.
It said it expects a substantial balance of outstanding rents to be paid by the end of the quarter.
SGRO : SEGRO collected 98% of rent in 2020