Hammerson’s losses ease as UK and European economies rebound
CEO Rita-Rose Gagné says the landlord will sell some of its noncore assets to build up its cash balance
05 August 2021 - 11:27
Hammerson, a landlord that owns malls in the UK and Western Europe, says its profit for the six months to June grew 14% as the markets in which it operates opened up after going through the worst of the Covid-19 pandemic.
The real estate investment trust (Reit) reported on Thursday that it had earned an adjusted profit of £20.1m (R402m) for the six months to June 2021, 14% higher than the £17.7m it earned in the six months to June 2020. ..
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.