Income from Hammerson’s flagship UK properties plunges amid Brexit fears
Ten of the landlord’s retailers launched company voluntary arrangements or went into administration in the interim period
29 July 2019 - 09:37
Hammerson, the JSE-listed owner of malls in the UK and Europe is focusing on selling down assets to decrease its debt burden while it faces a storm of uncertainty around Brexit and a changing retail landscape.
The London-based landlord announced on Monday that it had met 90% of its £500m (about R8.7bn) disposals target for 2019, following the sale of a mall in Paris...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.