Finance

CapReg points to improved rent collection ahead of investor vote on debt plan

By 2021-11-01T08:38:00

The Mall Luton

Capital and Regional has told investors it has continued to improve operational performance across its regional shopping centre portfolio ahead of a general meeting to seek approval for the group’s open offer and debt restructuring proposals.

The group now has agreements or rent payment plans with 88% of tenants for the year to date and is confident rent collection will ultimately grow beyond the 90%.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Try Property Week For Free to finish this article.

Sign up now for the following benefits:

  • Unlimited access to Property Week
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue