
The knock-on effect of the pandemic on its tenants has hit commercial property giant Hammerson - which owns the Bullring among other major malls - pretty hard.
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The knock-on effect of the pandemic on its tenants has hit commercial property giant Hammerson - which owns the Bullring among other major malls - pretty hard.
Hammerson said Friday its chief financial officer James Lenton is to leave the UK property giant after 15 months. But the board said Lentos will continue in his role until a successor is found.
McArthurGlen Designer Outlet York has announced the addition of two new brands, Raging Bull and Beauty Outlet. The news shows the resilience of the UK outlet channel at the same time as full-price locations struggle.
The outlets sector remains one of the most resilient retail channels at present and Europe-based Via Outlets has completed more than 117 new leasing deals since the start of the pandemic.
Simon Property Group, the biggest U.S. mall operator, will cut its purchase price for an 80% stake of rival Taubman Centers by 18%, both companies said on Sunday, as the coronavirus upends the retail industry sector.
Shopping malls giant Hammerson said on Thursday that it has managed to collect only 41% of the Q4 rent that it’s owed. That divides into the UK collecting 38%, Ireland 33%, and France a healthier 51%.
Outlet malls specialist McArthurGlen has revealed the first collection of premium brands for its new £160 million, 285,000 sq ft development, Designer Outlet West Midlands.
Shareholders of under-pressure UK property firm Hammerson have voted in favour if its rescue plan that includes a right issue valued at £525 million and the £274 million sale of its stake in the VIA Outlets business
UK malls giant Hammerson on Monday confirmed press peculation that it’s in “advanced discussions on the terms of a possible disposal of its 50% interest in VIA Outlets to its joint venture partner APG”.
European outlet malls operator VIA Outlets said that all of its properties are open for trading as of Monday, following the reopening of Freeport Lisboa Fashion Outlet this morning.