Regional offices holding up in lockdown says Circle Property CEO


John Arnold, chief executive of () says regional office space has been least affected by the coronavirus lockdown across the UK. Regional offices make up the bulk of Circle’s portfolio and it continues to collect most rents on time. And while rental activity has slowed since March, it has not stopped entirely, he says. Up until then, the group was doing well he adds, with nine new lettings last year and a 4.7% increase in net asset value in the financial year to 290p. Circle has decided to postpone its final dividend, but that is due to the lack of visibility currently about when the lockdown situation will change, he says. When there is greater clarity on that, the dividend will be looked at again.

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