Hammerson PLC-Unaudited 2019 half-year results

Posted On Wednesday, 31 July 2019 18:21 Published by
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Hammerson PLC-Unaudited 2019 half-year results.

-ITALIE-DEUX-

David Atkins, Chief Executive of Hammerson, said:

“The UK retail landscape is undoubtedly challenging and traditional high street fashion is under pressure. However, our focus on shifting our line-up towards categories with greater customer appeal and rental growth potential has resulted in over 90% of new leasing to leading consumer and F&B brands. We’ve seen a stronger performance in Ireland and France, alongside continued exceptional results from premium outlets which demonstrates the benefits of our diversified portfolio.

“Our absolute priority remains to reduce debt. We stated our intention to achieve over £500m of disposals in 2019 and even in this tough environment where deals are taking longer to transact, we are now most of the way there. We will continue to pursue additional sales throughout 2019 and into 2020 to further strengthen our balance sheet.”

Last modified on Wednesday, 31 July 2019 18:29
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