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Hammerson's Irish rent take lags UK and France for Q1


PROPERTY group Hammerson has collected just 31pc of its first quarter rent payments in Ireland, a figure that lags behind receipts in other major markets like the UK and France.
Commercial tenants usually pay rent in advance, and the first quarter has seen the reintroduction of tough lockdowns for non-essential retailers here and elsewhere.
Hammerson co-owns Dundrum Town Centre, along with German insurer Allianz. The group also owns half of the Pavilions shopping centre in Swords and the Ilac Centre in Dublin city centre. It owns 40pc of the Kildare Village premium outlet mall.
Since the start of the year Hammerson said footfall at its properties has declined in line with the introduction of new restrictions, particularly across UK flagship locations and in Ireland. ....

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