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Capital & Regional collects just half of rent

Shopping centre investor Capital & Regional has collected just 51% of rent due on 29 September, despite almost all shops being open and trading.

It said 98% of the 614 stores at its seven shopping centres were currently open.

Capital & Regional said the quarterly rental collection exceeded levels of 40% at the same point last quarter.

The landlord has now collected 56% of all rents that have fallen due since 25 March. It is in discussions with retailers over the arrears and has been providing support to smaller, independent occupiers.

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