Citycon updates on details of May 2020 rent collection amid COVID-19 pandemic.
NORDIC BUSINESS REPORT-June 26, 2020-Citycon updates on details of May 2020 rent collection amid COVID-19 pandemic
(C)2020 M2 COMMUNICATIONS http://www.m2.com
Citycon Oyj (HEL:CTY1S), an owner, manager and developer of urban, grocery-anchored shopping centres in the Nordic region, reported on Thursday that in the extraordinary circumstances followed by the outbreak of the COVID-19 pandemic, rent collection for May 2020 remained stable and Citycon has collected and/or accrued as government assistance guarantees of approximately 78% of its billed rent for the month of May.
Reportedly, Citycon has collected approximately 73% in cash from its tenants and has accrued approximately 5% of its billed rent, which has...
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