Hammerson is betting heavily on a handful of big city-centre shopping destinations, and that focus could backfire if retailers change course or local economies soften. It’s also leaning on upgrades and redevelopment to keep those sites competitive, which may bring delays and higher costs that limit future returns.Read more
Hammerson is trying to turn its city-centre shopping destinations into places people visit for leisure, homes, and work, using smarter leasing and redevelopment to keep spaces full and rents rising. The upside looks tied to executing these projects while keeping debt under control as shopping habits keep shifting online.Read more
Hammerson’s big city-centre shopping and mixed-use sites could benefit if shoppers and major brands keep concentrating on a smaller number of “best” locations, helping occupancy and rents hold up over time. The upside depends on its redevelopment and new mixed-use projects staying on track, while any shift back toward cheaper formats or online-first shopping could weaken footfall and rent growth.Read more
No trending discussion available.
Hammerson Plc is the largest UK-listed, pure-play owner and manager of prime retail and leisure anchored city destinations across the UK, France and Ireland. We own, manage and invest in landmark city destinations integrating retail, leisure and community hubs to meet evolving customer and occupier needs while delivering sustainable long-term growth for our stakeholders. Our 10 city locations rank in the top 20 of all retail venues across our geographies and in the top 1% where retail spend is concentrated. Our catchment reach of 40 million people attracts 170 million visitors per annum, generating 3 billion Pounds of sales for our brand partners. Hammerson Plc was incorporated in 1942 in United Kingdom.
