Hammerson
This coverage focuses on Hammerson’s activities and strategy within the UK retail property sector, highlighting shopping centre performance, asset management, redevelopment projects, and financial results. Reporting also examines leadership decisions and market trends shaping its portfolio, offering insights for retail executives, property managers, and professionals monitoring commercial real estate and retail environments.
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Feb- 2025 -26 FebruaryNews-In-Brief
Today’s news in brief-26/2/25
The British Retail Consortium (BRC) has warned that one in 10 part-time retail jobs, equating to up to 160,000 roles, could be at risk over the next three years due to rising employment costs. The BRC highlighted that part-time jobs are particularly vulnerable to changes in employer National Insurance Contributions…
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26 FebruaryProperty
Hammerson rental income falls as it slashes net debt
Hammerson has seen its gross rental income fall from £208m to £189m for the year ended 31 December 2024. As a result, the company posted a loss of £526m, up from a £51m loss in the previous year, with the company putting £497m of this loss down to impairment in…
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17 FebruaryClothing & Shoes
Aston Villa Football Club to open new store at Bullring
Aston Villa Football Club has selected Bullring to launch a new store set to open in May 2025. Located on Bullring’s lower level east, the 10,000 sq ft store will be spread across two floors and showcase a mix of Aston Villa and Adidas merchandise. The space will feature Adidas’…
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Jan- 2025 -17 JanuaryFeatures
The dynamic duo behind Charity Super.Mkt
When Wayne Hemingway and Maria Chenoweth unveiled Charity Super.Mkt, the UK’s first multi-charity shop, it was more than just a retail experiment. It was a testament to innovation, sustainability, and the power of collaboration in a rapidly evolving industry. “We wanted to create something bigger,” explains Wayne Hemingway, co-founder of…
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Nov- 2024 -25 NovemberClothing & Shoes
Zara unveils 51,000sq ft flagship store at Bullring and Grand Central
Fashion retailer Zara has opened a new 51,000sq ft flagship store at Bullring and Grand Central in Birmingham. Part of Hammerson’s strategy to focus on the flight to quality, Zara is the latest global brand to invest in Bullring and Grand Central, joining Sephora, The Sidemen and PureSeoul in the…
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15 NovemberHealth & Beauty
Sephora opens new store in Birmingham
Sephora UK has opened a new beauty retail destination in the West Midlands’ shopping heartland, Birmingham’s Bullring and Grand Central. The latest beauty store from the retailer is the sixth store to open in the UK as well as the first in the region. The new store in Birmingham is…
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Oct- 2024 -15 OctoberHealth & Beauty
Pure Seoul makes Midlands debut with new shop at Bullring and Grand Central
Beauty retailer Pure Seoul has made its Midlands debut with the opening of a new location at Bullring and Grand Central. The news comes as health and beauty transactions at the shopping destination have jumped 26% year-on-year. Located on Bullring’s middle level, the 800 sq ft K-Beauty store showcases one…
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Sep- 2024 -19 SeptemberShopping Centres
Hammerson sells stake in Bicester Village for £1.5bn
Property firm Hammerson has announced that it has sold off its stake in Bicester Village for £1.5bn to Silver Bidco, a company established by certain affiliates of L Catterton. The news comes after Hammerson announced it had entered into a binding agreement for the disposal of Bicester Village to Silver…
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Jul- 2024 -25 JulyNews
Today’s news in brief-25/7/24
Burberry is on the lookout for a new chair to replace Gerry Murphy amidst challenging times in the luxury goods market. Following a profit warning and CEO change, Burberry aims to rejuvenate its struggling business, highlighting ongoing difficulties exacerbated by weakened demand from the Chinese market. Hammerson remains optimistic despite…
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25 JulyNews
Hammerson upbeat despite £517m loss
Hammerson has hailed a “strong performance” in the first half of the year ended 30 June despite experiencing a £517m loss. It said the loss was due primarily to a reclassification of the Value Retail stake “from a carrying value of £1.1bn” that the company sold on 22 July for…
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