.

.
Click above for what became the consented plan, plus Transport page.

2014-08-06

Arrogant and talentless Hammerson: Doing well in France though



HAMMERSON plc
UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2014


MAXIMISING INCOME THROUGH ACTIVE MANAGEMENT
  • Strong demand for high-quality retail property, with new rents secured of £12 million (2013: £10 million) for 67,800m² (2013: 70,600m²).
  • Leases signed overall at 7% above ERV and 6% above previous passing rents, providing confidence in future income growth.
  • Improving UK shopping centre performance with tenant sales growth of 2.5% and ERVs increasing by 0.7%.
  • Group occupancy of 97.2%, again exceeding our benchmark of 97%.
  • Interim dividend increased by 6.0% to 8.8 pence per share (2013 interim: 8.3 pence).

CREATING HIGH-QUALITY RETAIL DESTINATIONS
  • Les Terrasses du Port, Marseille, opened in May. The centre is now 98% let and has produced a 23% profit on cost.
  • On site at five development schemes, with construction started at Victoria Gate, Leeds, in April. 
  • Planning approval received for major retail developments at Brent Cross, London, and Watermark WestQuay, Southampton.
  • Submitted a planning application for 260,000m2 mixed-use development at The Goodsyard, London.
  • Completed 5,000m2 extension at Abbotsinch Retail Park, Paisley, and due to start the redevelopment of Elliott’s Field Retail Park, Rugby, in autumn 2014.


ENOUGH, ENOUGH!

(choke, choke...)

Brent Cross:
"Champagne bar opening this summer"

No comments:

Post a Comment