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2021-03-15

Evening Standard: "Hammerson sees close to £1.6bn wiped off estate value as pandemic hurts retail property sector"


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"Close to £1.6 billion was wiped off the value of shopping centres firm Hammerson's property empire in a year that saw the pandemic clobber retailers and their landlords.

Chief executive Rita-Rose Gagné said the landlord in 2020 suffered its largest fall in net rental income and UK asset values since the group was founded in 1942.

Hammerson, a joint owner of the Brent Cross mall and behind Birmingham’s Bullring centre, was hit as numerous businesses were forced to temporarily close sites for lockdowns."


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