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2019-02-14

Decline and Fall of Hammerson: "Fears for mall increase as Hammerson takes a hammering"


"Our retailing correspondent, MT WALLETTE, on how the plunging share price for HAMMERSON, half of the so-called 'Croydon Partnership'. could see the redevelopment of the town centre postponed … permanently"

On the way out? Link to 'Inside Croydon'

"The stock market is becoming increasingly nervous about the valuation of one of the major players in the long-promised regeneration of Croydon town centre, to the extent that there is a growing fear that one half of the “Croydon Partnership” could be forced to pull the plug on the £1.4-billion project.

"Much of the focus on the redevelopment of the increasingly dilapidated Whitgift Centre has so far been on developer Westfield and their plans for the super-mall, which was first revealed in 2012 but is now running at least six years late on its original 2017 completion date.

"However, it is the falling share price of Hammerson, the mall operators who own Centrale and who are the other half of the Croydon Partnership, where the biggest worries for the future of the 'Hammersfield' project now lie.

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