RDI REIT collects 81.5% of September rent

RDI REIT has received £67.1m (81.5%) of rent due for the September quarter. In an update, the company also said that rent paid for the June quarter had now risen from 70.1% to 90.2%. Across its UK portfolio, excluding hotels and London serviced offices, £41.1m (78.1%) of rent was paid, while it collected 98.2% of rent due from its European portfolio. RDI REIT reconfirmed that no rent from its portfolio of RBH-managed hotels has been paid for the second half of its financial year, but said the revised rent due from its Travelodge portfolio following the company’s CVA have been received in full. RDI REIT also reported that £8.2m (98.2%) of the licence and fixed service fees for September from its London serviced office portfolio had been paid. To send feedback, e-mail louise.dransfield@egi.co.uk or tweet @DransfieldL or @estatesgazette