
The changes that are happening in retail became very clear on Wednesday as major landlord Hammerson said that the former New Look store at the giant Brent Cross mall will be replaced by a medical facility.
278 published items with the word (s) or phrase Hammerson in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
The changes that are happening in retail became very clear on Wednesday as major landlord Hammerson said that the former New Look store at the giant Brent Cross mall will be replaced by a medical facility.
Yet more positive news on commercial landlord rent collection and UK retail performance. Hammerson, the owner/operator of the Bullring & Grand Central in Birmingham, said footfall trends “remain encouraging”.
Angry commercial property owners plan to fight the legal extension to protect tenants from eviction. And more bad news came after a judge ruled a retailer was paying too much rent.
With the landscape for UK physical retail having changed dramatically in the past year, UK-based property giant Hammerson has appointed management consultants McKinsey & Co to advise on its ongoing strategic review.
Forget opening two new stores to mark a return to Scotland. Tommy Hilfiger has now upped that to three, all of them opening between now and June.
In what’s looking like a key appointment in these times of change, UK commercial property giant Hammerson has appointed a chief development and asset repositioning officer for the UK and Europe.
Hammerson said on Wednesday it sold seven retail parks to Canadian private-equity firm Brookfield Asset Management for 330 million pounds, marking the mall operator's exit from the UK retail parks sector.
With the retail lights back on in England, UK property giant Hammerson said Tuesday initial footfall since the 12 April reopening has been “encouraging” and “competitive with pre-pandemic levels”.
Hammerson is to slash rents for its retail tenants by around 30% as UK stores reopen post-Lockdown 3. UK & Ireland MD Mark Bourgeois said that “typically, we're resetting our rents to more affordable levels”.
Hammerson is selling its UK retail parks to Canadian private equity firm Brookfield for around £350 million, according to one report. However, on Monday, Hammerson said any deal is far from being sealed.