LondonMetric collects pretty much all of rent owing, as warehouse assets continues to be in demand

FTSE 100 set to rise as investors wait for bank reporting season to start and US data in focus
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ondonMetric Home, the warehouse landlord that has observed superior desire for space for the duration of the pandemic, has gathered just about all of its March rents.

The FTSE 250 business which counts logistics corporations and home furniture chains among its tenants, has viewed a quantity of prospects seek out extra place to cope with a wave of new online purchasers won over the final calendar year.

It said that 98% of the March quarterly (March 25- June 24) and month to month hire due has been collected, with a further more .8% expected imminently.

The organization, led by Andrew Jones, additional that for the 12 months to March 2021, a total of £114.1 million rent was owed, of which 98.1% has been collected or is becoming collected.

Previously this thirty day period house agent CBRE stated a file volume of Uk logistics area was beneath provide at the conclude of the initial quarter, totalling 16 million sq. ft.

A year previously the figure was 11.5 million sq. feet under offer you.

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