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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May- 2020 -27 MayPeople Moves
Hammerson CEO David Atkins to step down
Shopping centre owner Hammerson has announced that its CEO, David Atkins, has decided to step down from his role. Atkins will remain in position until spring 2021 at the latest, while the board searches for his successor. Atkins joined the company in 1998 and was appointed as CEO in 2009.…
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Apr- 2020 -24 AprilShopping Centres
Hammerson’s £400m retail park disposal in doubt as Orion stalls
Hammerson has revealed its previously agreed £400m sale of seven of its retail parks has been put in doubt after prospective buyer Orion European Real Estate Fund said it does not intend to complete the deal. Hammerson revealed that under the terms of the unconditional sale and purchase agreement, Hammerson…
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Mar- 2020 -30 MarchShopping Centres
Hammerson suspends dividend after collecting just 37% of Q2 rent
Shopping centre owner Hammerson has revealed it collected only 37% of its Q2 rent bill and has suspended its dividend amid the coronavirus outbreak. In a trading update released this morning (30 March), Hammerson said that with figures adjusted for rent deferred, switched to monthly payment, and a nominal proportion…
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Feb- 2020 -25 FebruaryShopping Centres
Hammerson profits sink to £534m in full year results
Retail landlord Hammerson has reported its losses have widened to a pre-tax loss of £537.8m in the year to 31 December, up from £173.3m in 2018. Hammerson reported an 11.2% decrease in rental income to £308.5m after it revealed that 6.7% of retailers were hit by administrations and restructuring. During…
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21 FebruaryShopping Centres
Hammerson offloads seven retail parks to Orion in £400m deal
Hammerson has announced it has agreed a deal to offload a portfolio of seven retail parks to Orion European Real Estate Fund V (Orion) in a £400m deal. The transaction marks the largest UK retail park portfolio sale in the past decade and follows Hammerson’s strategic decision, announced in July…
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Nov- 2019 -20 NovemberShopping Centres
Hammerson reaches £577m of disposals with £54m St Oswald’s sale
Hammerson has exchanged contracts on the sale of St Oswald’s Retail Park, Gloucester, to a local authority for £54m, taking its total to £577m in disposals this year. The 20,900m2 scheme, which is located to the north of Gloucester city centre offers a range of bulky goods, retail and leisure…
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5 NovemberPeople Moves
Hammerson appoints new non-executive director
Hammerson has announced the appointment of Méka Brunel as its new non-executive director. Brunel is currently chief executive of Gecina, a Paris-based retail estate investment trust that owns almost €20bn (£17.2bn) in office and residential assets. Her career in retail estate began in construction, where she delivered major residential and…
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Sep- 2019 -19 SeptemberShopping Centres
Hammerson’s Grand Central New Street Mall to receive £2m refurb
Hammerson is planning a £2m upgrade to its Birmingham New Street Mall, as part of a phased project which will include “significant internal upgrades”. The refurbishment will also see a more “vibrant and engaging” entrance to its flagship destination. The first phase of the project will be delivered in October,…
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Aug- 2019 -21 AugustPeople Moves
Hammerson appoints James Lenton as new CFO
Shopping centre owner Hammerson has appointed James Lenton as the company’s new CFO, and will take the role on 1 October. He will succeed Timon Drakesmith, the current CFO and MD, Premium Outlets, who as announced in May 2019, Drakesmith will step down as an executive director and CFO on…
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6 AugustPeople Moves
Hammerson appoints new Premium Outlets MD
Shopping centre owner Hammerson has appointed Simon Travis to the role of group investment director managing director of Premium Outlets. In this new position, Travis will oversee Hammerson’s premium outlets division in addition to his existing investment responsibilities. He has spent over 20 years at the group, and has held…
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