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
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. ..