HAMMERSON plc
UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2014
MAXIMISING INCOME THROUGH ACTIVE MANAGEMENT
- Strong demand for high-quality retail property, with new rents secured of £12 million (2013: £10 million) for 67,800m² (2013: 70,600m²).
- Leases signed overall at 7% above ERV and 6% above previous passing rents, providing confidence in future income growth.
- Improving UK shopping centre performance with tenant sales growth of 2.5% and ERVs increasing by 0.7%.
- Group occupancy of 97.2%, again exceeding our benchmark of 97%.
- Interim dividend increased by 6.0% to 8.8 pence per share (2013 interim: 8.3 pence).
CREATING HIGH-QUALITY RETAIL DESTINATIONS
- Les Terrasses du Port, Marseille, opened in May. The centre is now 98% let and has produced a 23% profit on cost.
- On site at five development schemes, with construction started at Victoria Gate, Leeds, in April.
- Planning approval received for major retail developments at Brent Cross, London, and Watermark WestQuay, Southampton.
- Submitted a planning application for 260,000m2 mixed-use development at The Goodsyard, London.
- Completed 5,000m2 extension at Abbotsinch Retail Park, Paisley, and due to start the redevelopment of Elliott’s Field Retail Park, Rugby, in autumn 2014.
ENOUGH, ENOUGH!
(choke, choke...)
 |
| Brent Cross: "Champagne bar opening this summer" |
No comments:
Post a Comment