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2019-02-26

This is Money: "High Street crisis rocks shopping centre giant: Hammerson could be forced into £900m firesale as it plunges to loss and value of its properties slumps"


On the way out?
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"Hammerson has plunged into the red following a disastrous year for the firm and its bosses.

"The shopping centre owner, whose retail empire includes the Bull Ring in Birmingham and London's Brent Cross Shopping Centre, swung to a £266.7million loss in 2018 having made a profit of £413.4million in 2017.

"It was hit by a £622million slump in the value of its estate, a 6.2 per cent decline in rental income, and an increase in the number of empty stores at its shopping centres and retail parks."

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