Hammerson: initial reopening footfall has been subdued

Hammerson has said as of the end of July is had collected 72% of rent due for the first half of the year and 34% of rent due for the third quarter. It said the average rent waiver was just over a month, and deferral of just under a month during the coronavirus. Though group occupancy remained strong, at 94% compared to 97% in 2019, it said 36 tenants had entered administration or undertaken a CVA. It said 88 our of 2,886 units were affected. It said footfall in June was down 73% on last year.