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Hammerson owns a 50% stake in the Dundrum, Ilac and Pavillion shopping centres in Dublin and a 40% stake in Kildare Village

Hammerson posts smaller annual loss, debt levels drop

Shopping centre operator Hammerson has today reported a smaller annual loss and a drop in debt levels, as the retail property sector recovers from Covid-19 pandemic-led shop closures and rent collapses in the UK and the rest of Europe.

Business • 04 Mar 22

Hammerson last month reported a loss of £1.7 billion for 2020

Hammerson confirms talks to sell retail parks

Hammerson has today confirmed that it was in talks for a possible sale of its retail parks portfolio to Canadian private equity player Brookfield Asset Management, as the shopping centre operator tries to shore up its finances.

Business • 12 Apr 21

Shopping centre operator Hammerson has given a formal warning about threats to its ability to continue as a going concern

Hammerson's losses soar as virus hit property values

Shopping centre operator Hammerson has today posted a £1.7 billion loss for 2020 and gave a formal warning about threats to its ability to continue as a going concern.

Business • 12 Mar 21

JD Sports said customer traffic was still weak in shopping centres across Europe

JD Sports sees weaker traffic numbers after reopening

JD Sports has cancelled its final dividend payment for shareholders and warned that customer traffic was still weak in shopping centres across Europe as shoppers worried about visiting densely occupied enclosed spaces.

Business • 07 Jul 20

Birmingham's Grand Central shopping centre, which is owned by Hammerson

France's Klepierre walks away from Hammerson deal

Klepierre has abandoned plans to bid for Hammerson after the British property company failed to provide "meaningful engagement" after it increased its offer this week, the French shopping centre operator said today.

Business • 13 Apr 18

Hammerson part-owns the Dundrum Town Centre (above), the Ilac Centre in Dublin city centre and the Pavilions in Swords

Hammerson knocks back £5.04 billion Klepierre offer

Hammerson has rebuffed a sweetened £5.04 billion takeover offer from Klepierre, saying the French firm's advances failed to reflect the value of the shopping centre giant.

Business • 11 Apr 18

Dundrum Town Centre, one of Hammerson's Irish interests

Hammerson buys UK rival Intu Properties

Shopping centre landlord Hammerson has agreed to buy Intu Properties in a deal valuing the smaller rival at about £3.4 billion.

Business • 06 Dec 17

Shopping Centres