INTU Braehead owners have warned of an uncertain outlook after the coronavirus pandemic hit rent payments.

Intu said it received only 29% of rent payments due on Wednesday - the payment deadline for the second quarter - and said it was still in discussions with customers over outstanding rents.

The Braehead shopping centre owner warned that reduced activity by shoppers has impacted footfall and potential future rents.

It said the prospect of rent reductions means it may need to waive its covenants on loans and the firm said it is currently in talks with lenders.

Intu said it is also in an "ongoing dialogue" with the government in hope to secure funds from its £330 billion business support package.

It comes after the government announced on Monday that businesses would be able to avoid their quarterly rent payment for the next three months without forfeiting their leases.

The retail property group said it has "significantly reduced capital expenditure" for the foreseeable future and is cutting back on head office costs in a bid to preserve cash.

It said it expects deferrals from this quarter's rent payments to total around £40 million.