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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Aug- 2021 -6 AugustProperty
Hammerson to redevelop empty retail units for new purposes
Hammerson has announced that it is looking to redevelop its empty retail units, with a medium to long-term view of using them for alternative uses, such as residential, hotels or workspaces. The landlord said there are opportunities to “reinvigorate the assets and grow revenue by filling void units, generating additional…
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May- 2021 -28 MayProperty
Hammerson launches £600m sustainability-linked bond
Hammerson has announced the launch of a €700m (£600m) real estate sustainability-linked bond, with a six year maturity period and a 1.75% coupon. This new issuance was added with tender offers announced on 20 May 2021 in respect of the €500m (£430m) 2% bonds due 2022 and the €500m (£430m)…
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Apr- 2021 -23 AprilPeople Moves
Hammerson names new chief development and repositioning officer
Hammerson has announced that Harry Badham has been appointed to the role of chief development and asset repositioning officer. Badham joins from AXA IM Alts where he was UK head of development. During his time here he led £3.5bn of “major” investment, development and repositioning projects from start to completion…
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22 AprilProperty
Hammerson offloads retail park portfolio for £330m
Hammerson has confirmed the sale of its portfolio of seven retail park assets to Brookfield for £330m cash proceeds, concluding Hammerson’s exit from the UK retail parks sector. The final amount marked an 8% discount to the 31 December 2020 book value of £357m. The portfolio comprises 205,000m² of space…
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20 AprilProperty
Hammerson to slash rents by 30%
Hammerson has announced it is planning to slash rents for retail tenants by around 30% as non-essential shops prepare to reopen. Mark Bourgeois, the group’s managing director, said: “We reckon across the board and our business we’ll probably reduce rents from their peak by about 30% so we are really…
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12 AprilShopping Centres
Hammerson mulls £350m retail park sales
Shopping centre owner Hammerson has confirmed it is in talks to complete the sale of seven retail parks to Brookfield, a Canadian private equity firm, for roughly £350m. According to the Times, the funds will be used to strengthen the group’s balance sheet, providing the quickest way for the group…
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12 AprilClothing & Shoes
Tommy Hilfiger opens new stores in Scotland
Hammerson has announced the opening of two new Tommy Hilfiger stores in Scotland, at the retail estate investment company’s flagship destinations Silverburn, Glasgow, and Union Square, Aberdeen. The new sites will represent the fashion retailer’s return to the country as part of the brand’s expanding store portfolio in the UK.…
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6 AprilProperty
Hammerson scales back Dublin retail development plans
Hammerson has reportedly scaled back its retail plans for its new development at Dublin Central, instead switching its focus towards office and Residential units. According to the Sunday Times, Hammerson has decided to reduce the size of the development’s retail space from 23,500 sqm to just 6,000 sqm. The retail…
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Mar- 2021 -16 MarchDepartment Stores
Hammerson to redevelop Debenhams store into new homes
Hammerson has announced it has submitted plans to Leicester City Council to redevelop the former Debenhams store within the shopping centre Highcross into new homes for rent. The development would see the former Debenhams department store which has been an “integral part of the city’s core” since its opening in…
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15 MarchShopping Centres
Hammerson confirms board reshuffle
Shopping centre operator Hammerson has announced a number of changes to the composition of its board members. Pierre Bouchut, non-executive director and chair of the audit committee has revealed that he will not be standing for re-election at the 2021 annual general meeting (AGM). In turn, Mike Butterworth will take…
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