Rental income at retail property giant Hammerson’s top destinations has slid as retailers’ woes undermined performance.
Hammerson, which owns shopping centres including London’s Brent Cross and Birmingham’s Bullring, reported that net rental income at its UK flagship destinations was down 6.8% in the first half, “impacted by CVAs and administrations”.
At group level retail income edged down 0.1% but at premium outlets they climbed 11.1%
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