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Evening Standard: Have we reached peak-Hammerson?

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"The boss of retail giant Hammerson on Monday insisted its shareholders were still behind its £6.6 billion takeover of rival intu despite a share slump likely to send the firm spinning out of the FTSE 100 this week.

"... Jefferies' Mike Prew said the firm's shares had underperformed rivals this year and added:
"It just looks like a business that has peaked."
"Colm Lauder of Goodbody said the big 39% discount to net asset value at which Hammerson is trading 'expresses the discomfort with which the capital markets hold for retail property in the UK'."

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