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Evening Standard: "Hammerson pours £100m into designer goods outlets" (but it ain't at Brent Cross)

Link to Evening Standard

"... Hammerson, which owns shopping centres including London’s Brent Cross, saw footfall across its UK shopping centres fall 2% in the first half of the year in a tough retail climate. But Hammerson still managed to raise its net rental income 2.4% and the landlord is signing up new UK tenants on leases 4.6% above estimated rental values. Occupancy remains above target at 97.5%.

"Investec analyst Alan Carter said:
“Given a very tough backdrop, it is doing pretty well in our view.”

Link to Hammerson's Half Year Results
"... The majority leaseholders of the Whitgift centre, Croydon, selected Hammerson as their preferred development partner. This important scheme is adjacent to our existing Centrale shopping centre where we have received consent for its reconfiguration and the introduction of London’s first Showcase Cinema de Lux. We will shortly unveil our 140,000m2 (1.5 million ft2) masterplan for the rejuvenation of Croydon’s entire retail core.

"Following agreement for a phased approach to Brent Cross Cricklewood, we are progressing discussions with stakeholders regarding the potential for a major extension of Brent Cross shopping centre within the existing planning consent. We intend to finalise the development strategy this autumn, and apply for a revision to the existing consent early next year."

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