Hammerson says tenants battling through UK lockdown
The JSE-listed mall owner says rental collection is improving steadily with 41% of first-quarter rentals collected
19 January 2021 - 17:23
JSE-listed Hammerson, which owns retail shopping centres in the UK and Europe, says rental collection is improving steadily as tenants find ways of earning income while the UK battles through a new lockdown.
Hammerson had a portfolio valued at about £7.7bn (R157bn) at the end of June 2020, when it reported net debt of £3bn. It acts as a cross-currency hedge for SA investors as it pays dividends in pounds...
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