CapReg agrees covenant waivers extensions as retail emerges from Covid lockdowns

The Mall Luton

Community shopping centre group Capital & Regional, has said it is “increasingly confident” following the reopening of the retail centres and after agreeing covenant extensions with lenders on a number of its assets.

In a trading update to investors for the six months to 30 June, the group said it had now collected 70% of 2021 rents due, while 84% of rent for last year had now been paid.

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