Hammerson news and archive

Hammerson's shopping centres report rise in footfall ahead of Christmas

Hammerson, the UK’s owner and curator of flagship retail destinations including Bullring & Grand Central, Birmingham, and Brent Cross, London, expects around two million people visit its venues this weekend, as consumers rush to buy those last few gifts. The company said in a statement that footfall across Hammerson’s centres in the first two...

Management

Bullring shopping centre makes “significant positive impact” to its' local Birmingham economy

London - Hammerson’s Bullring marks its 15th birthday this month and new research reveals that the shopping centre attracts more than 362 million pounds of indirect investment to the local economy every year, highlighting its positive impact on the city of Birmingham. The ‘True Value of Retail’ report commissioned by Hammerson and undertaken by...

Report

Hammerson to exit retail parks after H1 profits plunge 80 percent

Property firm Hammerson Plc has decided to exit retail parks sector over the medium term with a disposal target of 1.1 billion pounds (1.4 billion dollars) by end of 2019, with 300 million pounds (393 million dollars) already achieved this year and an increased overall 2018 target of 600 million pounds (786 million dollars). The move comes after...

Report

Hammerson’s Peter Cole appointed to Primary Health Properties’ board

Hammerson Plc has announced that Peter Cole, Executive Director and Chief Investment Officer of the Company, has been appointed as an independent non-executive director to the board of Primary Health Properties PLC with effect from May 1, 2018. According to the company’s website, Cole, a chartered surveyor joined the company in 1989 as a senior...

Report |UPDATE

Hammerson places Intu takeover on hold as Klépierre position remains 'unclear'

London - Hammerson, one of Britain's leading shopping center owners, has delayed its acquisition of smaller British rival Intu, as its current position with European property giant Klépierre remains 'unclear.' In a trading update released on Thursday, Hammerson stated it did not intend to finalize shareholder documents related to its proposed...

Management

Hammerson: FY17 adjusted EPS rises 6.5 percent

In 2017, Hammerson Plc said that adjusted EPS increased by 1.9 pence or 6.5 percent to 31.1p driven by increased net rental income, particularly from its Irish shopping centres, higher earnings from the company’s premium outlets and favourable foreign exchange movements partly offset by income foregone from property disposals during 2016 and...

Report

Hammerson footfall outperforms industry benchmark in 2017

Hammerson, the manager and developer of leading retail destinations in Europe, saw a 0.4 percent increase in annual footfall across its UK shopping centres throughout 2017, outperforming the industry benchmark which fell 2.8 percent. The property developer welcomed more than 300 million visitors to its European shopping centres, with footfall...

Report

Hammerson reports spurt in luxury shopping ahead of Christmas

UK’s retail property specialist Hammerson has witnessed a distinct spending pattern emerge in the run up to Christmas with consumers spending more on higher priced presents. The company said in a statement that customers are indulging in luxury watches and diamond jewellery with Centrale in Croydon and Bullring in Birmingham seeing a strong...

Management

Hammerson to acquire Intu in 3.4 billion pound deal

London - British shopping center owner Hammerson is set to take over rival Intu Properties in a 3.4 billion pound deal, which would see leading shopping centers including London’s Brent Cross, the Birmingham Bullring and Manchester’s Trafford Centre owned by a single company. Hammerson, which currently owns Brent Cross and the Bullring together...