Finance

Rental collection at TCS returns to pre-pandemic levels

By 2021-11-10T08:46:00

Edward (left) and Ben Ziff of Town Centre Securities

Town Centre Securities (TCS) has collected 99% of rents due in the current quarter, taking the group back to pre-pandemic levels.

The Leeds, Manchester, Glasgow and London property investment, development and car park operator added that since the first Covid-19 lockdown in March 2020 the group had collected £38.5m of the £41.2m of rents due, which represents 93% of the amounts due throughout the pandemic.

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