Tritax EuroBox has collected all of the rent due across its European logistics portfolio, its finance director claiming the success reinforces the critical role of its properties to their occupiers.
In a stock market update, the company said all rent due has now been collected and no further waivers or deferrals requested.
In its last financial year, to September 2020, the company agreed to defer about €1.6m (£1.4m) of rent, to be received in nine monthly instalments from January to September 2021. Repayments for January and February have been received in full.
Finance director Mehdi Bourassi said: “Our consistently strong rent collection figures demonstrate the very strong resilience of our assets, reinforcing the importance of these buildings to our tenants as they form a critical part of their business operations.
“The profound structural changes in consumer behaviour across the market continue to transform the European real estate market and further strengthen the prospects for the European logistics sector.”
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