Hammerson profits fall against challenging retail backdrop


Shopping centre owner Hammerson has posted falling profits and rental income during its full-year results.

Registering a 10.9% fall in profits to £214m during the 12 months to December 31, Hammerson also saw rental income for the same period drop 11.2% to £308.5m.

Hammerson chief executive David Atkins said despite a challenging retail backdrop it has “exceeded its 2019 disposal target” by exiting the retail parks it had previously stated and reduced the property owner’s debt by a third.

“This delivered nearly £1bn of transactions in the process,” Atkins added.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.