Fiera Real Estate UK Limited (“FRE UK”) is pleased to announce that its open ended Fiera Real Estate Long Income Fund UK has achieved an effective collection rate of 80% of rent due on the June quarter day. This follows 89.1% of rent collected in relation to the March quarter-date.
FRE UK has continued to work closely with its tenant customers over the last quarter and its approach to tenant engagement more generally has been reinforced by the strength of its rental collection compared to the wider market.
Rupert Sheldon, Head of Core REIM at FRE UK said: “A combination of clear strategic macro themes, robust credit underwriting and monitoring, exposure to the right sectors of the market and regular tenant engagement are helping drive secure and consistent income returns for our investors through this most volatile phase of the market. We would like to thank both our tenants and investors for their continued support during this difficult period for everyone.”