UK and Europe shopping centre owner Hammerson said on Tuesday its loss in the year to end-December more than doubled to £781.2m (R15bn) amid pressure on the value of its assets due to its bricks-and-mortar tenants losing sales to online stores in the UK.

The company saw a net valuation loss of £828m on its assets in its year to end-December, citing continued market uncertainty and a weak rental market.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now