April 2 (Reuters) - Land Securities has received
only two-thirds of the rent due last month from its tenants and
has cancelled its third interim dividend, the British property
developer said on Thursday.
The company, which established a 80 million pounds ($99.17
million) rent relief fund, said 65% of rent due on March 25 was
paid by the end of the month compared with 96% paid last year.
"During March, we saw a rapid drop off in visitor numbers to
our retail and leisure destinations and many of our office
customers invoked working from home protocols for their
employees," it said.
($1 = 0.8067 pounds)
(Reporting by Samantha Machado in Bengaluru; Editing by Bernard
Orr)