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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Jul- 2019 -29 JulyShopping Centres
Hammerson reports £319.8m loss
Shopping centre owner Hammerson has reported a £319.8m loss during the first six months of the year ending 30 June. Hammerson, which owns shopping centres such as London’s Brent Cross and Birmingham’s Bullring, revealed on an adjusted basis profits were down 10.5% to £107.3m. The company also reported a 6.8%…
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2 JulyPeople Moves
Hammerson appoints UK and Ireland operations director
Shopping centre owner Hammerson has appointed Howard Ebison as its new operations director. Ebison will drive the operational performance of its flagship destinations across the UK and Ireland, overseeing the delivery of “excellent” consumer experiences, and creating “commercially compelling” venues for Hammerson’s brand partners. According to the group, he has…
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Jun- 2019 -24 JuneAdvice
Why experiential retail has never been more important
Picture the scene: A 400m maze with 8ft high walls and a tree-house retreat as its centrepiece, with yoga sessions held on its roof; immersive, interactive light shows that enchant young and old alike; exclusive events with global online influencers and 90s boyband popstars. These types of experiences are a…
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7 JuneClothing & Shoes
Monsoon delays CVA
Monsoon Accessorize is understood to have delayed its company voluntary agreement (CVA) after landlords failed to support Arcadia’s restructuring plans earlier this week. A number of landlords are said to have rejected Arcadia’s proposals, which involved rent cuts of up to 70% on 194 shops as they deemed it “too…
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May- 2019 -31 MayClothing & Shoes
Monsoon landlords seek equity stake in exchange for CVA
The landlords of fashion retailer Monsoon Accessorize are reportedly seeking an equity stake in the company in exchange for the support of a CVA. According to Sky News, British Land, Hammerson, M&G Investments and Roubaix Group have written to the company’s owner Peter Simon, asking to negotiate improved terms. Simon…
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Apr- 2019 -17 AprilEconomy
Shopping centre landlords offer free space to retailers
Revo, the organisation that represents the retail community, has launched a new competition to give budding retail entrepreneurs free space in shopping centres and help with marketing. The organisation driving retail placemaking across Britain and Ireland has launched a major new campaign to find the next generation of retail talent…
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Mar- 2019 -18 MarchAdvice
How retailers can keep up with the pace of change
Has the future of retail ever looked so bleak? From crumbling giants like HMV and Hammerson to headline-grabbing losses at Laura Ashley and Paperchase, it’s fair to wonder what the future holds for the high street. Factors like cold weather and inflation haven’t helped the recent slump, but it’s the…
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Feb- 2019 -25 FebruaryShopping Centres
Hammerson reports £268m loss and eyes further disposals
Shopping centre owner Hammerson has reported a loss of £268.1m in its 2018 FY results, also announcing it aims to make £500m in disposals this year. For the period ending 31 December the group saw its revenues drop 9% to £292m, Hammerson said the loss follows “a tough year particularly…
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1 FebruaryHigh Street
Moss Bros eyeing Debenhams interim chair
Fashion retailer, Moss Bros is looking at Debenhams interim chair Terry Duddy to replace its outgoing chair Debbie Hewitt. Duddy, who used to lead Home Retail Group, the group responsible for Argos, Habitat and Homebase is on a shortlist of targets according to reports by Sky News. Duddy took over…
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Nov- 2018 -29 NovemberProperty
Hammerson completes £236m Highcross sale
Hammerson has completed the sale of its 50% stake in Highcross shopping centre in Leicester to an Asian investor introduced by M&G Real Estate for £236m. The sale price represents a 5% discount to the December 2017 book value. The transaction comes after a successful standard EU competition clearance and…
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