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- 2018 -14 AugustHigh Street
Asda, Argos, Sainsbury’s and M&S sign up for ‘Purple Tuesday’
‘Purple Tuesday’, the UK’s first day dedicated to ‘accessible’ shopping, will take place on 13 November and will see retailers such as Asda, Argos and Sainsbury’s introduce new measures to make the shopping experience more inclusive for disabled customers. The initiative is being coordinated by the disability organisation Purple and…
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Jul- 2018 -26 JulyShopping Centres
Intu issues rental growth warning, CEO to leave
Intu Properties has warned of lower rental income growth for the full year and also announced that CEO David Fischel is to step down. In its half-year results for the period ending 30 June Intu reported like-for-like net rental income rose by 1.3% at the lower end of its previous…
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24 JulyEconomy
Hammerson shares rise as plans to sell £1.1bn of retail parks and cut board revealed
Shopping centre and retail park giant, Hammerson, has announced plans to reduce the size of its board and sell off £1.1bn in retail parks. The announcement, which comes just after the company sold parks in Bristol and Kirkaldy for £164m, said the company was planning to focus on “flagship retail…
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Apr- 2018 -18 AprilShopping Centres
Hammerson abandons £3.4bn takeover of Intu
Shopping centre owner Hammerson has revealed it has reversed its decision to buy its rival Intu for £3.4bn. The owner of Birmingham’s Bullring proposed an all share merger with Intu in December last year which would have resulted in the UK’s biggest property company, worth £21bn. However the board…
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13 AprilShopping Centres
Klépierre abandons Hammerson bid after numerous rejections
Klépierre has announced that it has abandoned its attempted acquisition of Hammerson after an improved offer was rejected for the second time this week. The French firm said in a statement that it “does not intend on making an offer for Hammerson” after Hammerson’s board of directors rejected a £5.04bn…
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11 AprilShopping Centres
Hammerson rejects revised £5.04bn proposal from Klépierre
Hammerson’s board of directors has unanimously rejected a revised £5.03bn offer by French retailer Klépierre, on the basis that “it very significantly undervalued Hammerson”. The revised proposal is 635 pence per Hammerson share, comprising 50% in new Klépierre shares and 50% in cash, and is a marginal increase to Klépierre’s…
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5 AprilShopping Centres
Hammerson delays Intu takeover amid Klépierre approach
Hammerson has delayed it acquisition of British rival Intu while the intentions of French shopping centre giant Klépierre “remain unclear”. In a trading update for Hammerson’s first quarter ending 31 March 2018, it said it does not intend to finalise shareholder documents in relation to the takeover of Intu while…
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Mar- 2018 -19 MarchProperty
Hammerson rejects Klépierre takeover bid in ‘less than 24 hours’
French real estate investment fund Klépierre has confirmed its takeover bid of Hammerson was rejected in “less than 24 hours”. In a statement, Klépierre said on 8 March it made a proposal “on a non-adversarial basis” to the Hammerson board with the intention of starting “a constructive dialogue”. The offer…
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Feb- 2018 -27 FebruaryNews
Hammerson Intu takeover plans still firm
Shopping centre owner Hammerson will continue with its plans to takeover rival Intu for £3.4bn. This was announced as the firm revealed that net rental income increased by 6.9% year-on-year from £346.5m to £370.4m. Hammerson showed its interest in purchasing Intu in December and has announced a new £1.5bn credit…
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Jan- 2018 -10 JanuaryGovernment
Mayor greenlights £1.4bn Croydon regeneration scheme
The Mayor of London Sadiq Khan has approved a major development as part of long-term plans to regenerate Croydon town centre. The redevelopment of the Whitgift shopping centre by a joint venture of Westfield and Hammerson will create nearly 1,000 homes, and provide the local community with new leisure facilities…
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