Land Securities has updated on its December quarter rent collection, with £35m outstanding.

The institutional landlord said it had established a fund of £80m for occupiers who most need support to survive.

To date, £24m of rent concessions have been allocated.

Landsec said £112m of rent was due on the 25 December payment date, with 65% of this net rent paid within five working days, compared with 94% for the equivalent period last year.

The figures are adjusted for the impact of CVAs and administrations, concessions agreed out of the fund and agreed monthly and deferred payment terms.

Of the £35m of rent outstanding, £14m relates to customers who have withheld payment pending documentation of agreed concessions.