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Inside Croydon: "Brent Cross takes a £1.4bn hit as Hammerson signals a go-slow"

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"High Street closures and Brexit uncertainties mean that retail landlord Hammerson is getting cold feet over redevelopment schemes for its shopping centres around the capital.

"Hammerson has shelved its plans for the £1.4billion redevelopment of its Brent Cross shopping centre, and doesn't seem in any great hurry to pursue the regeneration of Croydon town centre, including its own Centrale mall.

"The multi-billion property company released its half-year report to the Stock Exchange yesterday, and made it plain that what one newspaper called 'the nightmare climate engulfing UK retailer'” is making it take a very long, hard look at how the business spends its development cash."

"Financial Times predicts Hammerson will sell stake in Croydon"

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