A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
By BFN News | 02:18 PM | Friday 12 March, 2021 Shopping centre owner Hammerson wrote down the value of its property portfolio to £6.3 billion in 2020 as the company posted the largest decline in net rental income in its history and disposed of some assets.
The company reported net rental income of £158 million in 2020, down 41% on a like-for-like basis excluding premium outlets, largely impacted by Covid-19 closures, tenant restructuring and higher provisions for bad debt and tenant incentives.
Its portfolio value fell from £8.3 billion in 2019 to £6.3 billion in 2020, while group capital return was negative 20.9%.
The group reported net proceeds from disposals totalling £328 million and said it will continue to target disposals .