Hammerson news and archive

Hammerson collects just 41 percent of rent from retailers

British shopping centre operator Hammerson has collected just 41 percent of rent due for Q1 as retailers continue to struggle to make payments. Breaking it down by country, 41 percent of rent due has been paid in the UK - 36 percent at flagships and 64 percent at retail parks - while France and Ireland have paid 46 percent and 31 percent,...

People

Hammerson appoints first-ever COO

British shopping centre operator Hammerson has appointed Grégoire Peureux as its first-ever chief operating officer (COO). Peureux will join the group executive committee and will concentrate on the performance of strategic initiatives at a group level. With more than 17 years of real estate industry experience, Peureux joins this role from Rove...

Business

Hammerson collects 41 percent of Q4 rent, provides VIA Outlets update

British shopping centre operator Hammerson has said it has collected 41 percent of Q4 group rent so far but remained optimistic about improving levels. Breaking it up by country, the firm collected 38 percent of UK rents, 33 percent in Ireland, and 51 percent in France. It noted that these levels are higher than that at the same point following...

Business

Rita-Rose Gagné to join Hammerson as its CEO

Hammerson plc has announced the appointment of Rita-Rose Gagné as Chief Executive Officer (CEO) and Executive Director. The company said in a statement that it is anticipated that she will take up her new role with Hammerson before the end of the year and David Atkins will continue to serve as CEO until Gagné joins the company. Commenting on...

Business

Hammerson in talks to sell 50 percent stake in VIA Outlets

British property giant Hammerson has confirmed that it is in advanced talks of a possible disposal of its 50 percent stake in VIA Outlets to its joint venture partner APG. The company, which owns Bullring shopping centre in Birmingham and Brent Cross centre in London, said it is also mulling a potential equity raise by way of a rights issue. “...

Retail

Hammerson plans to reopen flagship destinations in Scotland on 13 July

British property group Hammerson has announced plans to reopen its flagship Scottish shopping destinations - Union Square in Aberdeen, and Silverburn in Glasgow - on 13 July. The date will be confirmed following the Scottish government’s next review of its lockdown easing, which is due on 9 July. Earlier this month, Scotland’s first minister...

People

Hammerson names Simon Betty as MD for City Quarters and Developments

Hammerson has announced that Simon Betty, currently retail director for Ireland has been appointed to the newly created role of Managing Director City Quarters and Developments. The company said in a statement that Betty will be responsible for driving the City Quarters vision, which will see the group move beyond pure retail, delivering vibrant...

BusinessFeatured

VIA Outlets “accelerates growth” in 2019

VIA Outlets, a joint venture between APG and Hammerson that owns eleven premium fashion outlets in nine European countries, has reported continued strong growth for FY 2019, with a 8.4 percent increase in brand sales and 6.1 percent rise in footfall growth. Europe's fastest-growing owner-operator of premium outlet shopping destinations has...

BusinessFeatured

Hammerson and APG increase their ownership in VIA Outlets

VIA Outlets, the fastest-growing owner-operator of premium outlet centres in Europe, has confirmed that both Hammerson and APG have each increased their ownership to create a 50:50 joint venture to “streamline” the structure of the business. Hammerson and APG have increased their shares in the 1.6 billion euro premium outlet business by over 3...

BusinessFeatured

Hammerson: FY17 adjusted EPS rises 6.5 percent

In 2017, Hammerson Plc said that adjusted EPS increased by 1.9 pence or 6.5 percent to 31.1p driven by increased net rental income, particularly from its Irish shopping centres, higher earnings from the company’s premium outlets and favourable foreign exchange movements partly offset by income foregone from property disposals during 2016 and...