Britain's largest commercial landlord sees worsening prospect in rents in June

Land Securities, or Landsec, - which is Britain’s largest commercial landlord of offices and retail - said it expects collecting rents from its huge portfolio of offices and retail outlets in June will "likely be worse” than in March, just as the start of the Covid-19 storm.

The property firm has a huge concentration of offices, retail parks and hotels in the London region. Its shares which slid 12.5% in the latest session have now dropped a third of their value from May 2019.