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The Guardian: "Hammerson's grand self-assessment isn't shared by its investors"

"Following the Intu humiliation the company’s CEO breezed on as if nothing had happened"

Link to web site

"A note of humility would have been order from Hammerson's board after the humiliation of the non-takeover of shopping centre rival Intu, a £3.4bn deal that had to be abandoned because the group's own shareholders were in revolt. Instead, chief executive David Atkins & co breezed on as if nothing had happened. Hammerson is a 'best-in-class' and 'dynamic' property company, apparently, and is now adopting a 'decisive' strategy of flogging all its out-of-town retail parks.

"... Shrinking the presence of department stores within the shopping centres by 25% sounds like a case of following retailing trends that are happening anyway. Meanwhile, a planned extension to the Brent Cross centre in north London is being put on hold, which is presumably an example of the board sitting decisively on its hands, or being encouraged to do so by development partner Aberdeen Standard Investments."

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