Hammerson’s loss widens amid UK retail pressure
The UK and Europe mall owner is cutting its exposure to UK retail parks, which have been hit by e-commerce and Brexit
25 February 2020 - 10:58
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.
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