Hammerson’s retail parks sale could fall through as buyer not looking to complete transaction
Orion European Real Estate Fund agreed in February to buy seven retail parks for £400mln
Company
Hammerson PLC
LON:HMSO
Hammerson PLC is a commercial and retail property developer and manager with a diverse range of investments in the United Kingdom and continental Europe.
135 stories · page 3 of 7
Hammerson downgraded to ‘hold’ by Deutsche Bank as coronavirus crisis hits landlords
Recovery is expected in 2021 when deferred rents start flowing in
Hammerson dealing with rent waiver requests on a case-by-case basis
The group received rents for 37% its UK properties for the March quarter,
Hammerson slumps deeper into loss after £1bn property write-down
Net asset value dropped against a "challenged" UK sector
Hammerson dumps nine retail parks for £455mln
The group has an interest in one remaining retail park, Brent South, part of the Brent Cross estate, which is held in a joint venture with Aberdeen Standard Investments and is marked for sale
John Lewis leans on its landlords
Service charges are applied on top of rent for things such as security services in a shopping centre. John Lewis thinks they have got high.
Hammerson hires CFO with eye for new strategies and 'substantial change'
The shopping centre owner highlighted that Lenton previously had responsibility for “developing a new global strategy” at EY
Hammerson sees retail portfolio valuation hammered but Parisian sale helps debt plans
The net asset value of the FTSE 250 group's shopping centres and retail parks fell 7% year to 685p per share
Hammerson disposals would rebuild balance sheet and still allow chunky dividend, says Peel Hunt
Broker's property sector review resulted in upgrades for Hammerson, Shaftesbury and Capital & Regional, but downgrades to Helical and Primary Health Properties
Retail 'survivors' to pile more pressure on Land Securities and peers, Liberum warns
Broker warns that the industry has yet to fully price the “rising bargaining power of stronger surviving retailers” such as Next
Debenhams to remain in the hands of lender consortium as administrator fails to find suitable buyer
Celine UK NewCo 1 Ltd, which represents the consortium, said none of the bids received for the chain had been “at the level required to be taken forward”
Standard Chartered faces possible shareholder revolt over executive pay plan
The news marks the latest in a series of potential shareholder rebellions over pay increases that see executives’ pensions raised more than ordinary workers.
Bloody noses in store for Hammerson, Barclays and Reach from angry investors
Hammerson's annual shareholder meeting takes place on Tuesday while Barclays and Reach have theirs on Thursday
Debenhams to close 22 stores next year as part of CVA plan
Several London-listed REITs have Debenhams stores on their books
Hammerson weak as Stifel cuts stance to ‘sell’ from ‘hold’ after reducing estimates, target price due to planned disposals
The US broker's analysts pointed out that Hammerson has identified £900mln of potential asset sales, of which they assume £500mln will be completed during full-year 2019
Intu goes with chief financial officer as its new CEO
"I would like to extend my personal gratitude to David [Fischel] for continuing to steer the group for a longer period than was originally intended until we had completed our succession process," said John Strachan, the chairman of Intu.
Bullring owner Hammerson says 2018 was 'tough' as it posts annual loss
Hammerson offloaded £570mln worth of properties last year and plans a further £500mln of disposals this year as part of a strategy to sell its out-of-town retail parks and reduce its exposure to struggling department stores
Archive
Hotchpotch of blue-chip results set to flow in coming week from likes of Rolls-Royce, ITV, WPP
The Week Ahead will also bring a trading update from AB Foods, plus final results from Standard Chartered, IAG, Persimmon, Rightmove, as well as the latest US GDP data
RBC initiates coverage on six property firms as it turns spotlight on UK real estate
Both LandSec and Tritax were given 'outperform' ratings on the back of an improved risk profile and exposure to the UK industrial property market respectively
The FTSE 100 survivors and thrivers: Who has stayed on top among the blue-chips?
Since its foundation in 1984, the FTSE 100 has become one of the key barometers of the British economy, however the makeup of its constituent companies is far from the same