Hammerson latest landlord to halt rent concessions

Bull sc bullring march 2017 n8

Hammerson has followed the lead of fellow institutional landlord British Land by putting a stop to offering rent concessions to struggling occupants.

In a note to the City the shopping centre giant, which owns centres such as the Birmingham Bullring and London’s Brent Cross, said as Covid-19 restrictions continue to lift it did “not anticipate granting future concessions”, adding “all avenues to collect rents due are being pursued”.

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