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Hammerson Slashes $2 8 Billion from Malls Hit by Lockdowns

Mar 12 2021, 5:13 PM March 12 2021, 1:09 PM March 12 2021, 5:13 PM (Bloomberg) The scale of devastation wrought by the pandemic on Europe’s stores and malls is becoming painfully clearer. (Bloomberg) The scale of devastation wrought by the pandemic on Europe’s stores and malls is becoming painfully clearer. Hammerson Plc, which owns once-prized shopping centers across the U.K., France and Ireland, slashed the value of its properties by almost 2 billion pounds ($2.8 billion) last year, according to a statement Friday. The company, once a pillar of the U.K.’s real estate sector, said the plunge was triggered by the greatest fall in rental income it’s ever seen.

Bullring and Brent Cross owner forced to sell more shopping centres

Bullring owner Hammerson reveals worst year for rents on record

Bullring owner Hammerson reveals worst year for rents on record
clydebankpost.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from clydebankpost.co.uk Daily Mail and Mail on Sunday newspapers.

Bullring owner Hammerson reveals worst year for rents on record

Bullring owner Hammerson reveals worst year for rents on record
theargus.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theargus.co.uk Daily Mail and Mail on Sunday newspapers.

Bullring owner Hammerson reveals worst year for rents on record

Bullring owner Hammerson reveals worst year for rents on record
sloughobserver.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sloughobserver.co.uk Daily Mail and Mail on Sunday newspapers.

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