Overview
Hammerson is a REIT focused on retail property in UK and France.
The fund’s website can be found here.
Fundamentals
Price
Research History
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09 Oct 2024 17 min read
QuotedData’s Real Estate Monthly Roundup – October 2024
October 2024 Winners and losers in September 2024 Best performing funds in price terms (%) Harworth Group 17.0 Life Science REIT 14.7 Hammerson 12.0 Balanced Commercial Property Trust 10.2 Phoenix Spree Deutschland 8.6 PRS REIT 8.5 abrdn Property Income Trust 8.3 Target Healthcare REIT 7.9 Custodian Property Income REIT 7.6 Tritax EuroBox 7.1 Source: Bloomberg, […]
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15 May 2024 14 min read
QuotedData’s Real Estate Monthly Roundup – May 2024
Real Estate Roundup Performance data March’s biggest movers in price terms are shown in the charts below. As the interest rates waiting game continues, the real estate sector was flat during April, with the mean average share price at 0.0% and the median average down 1.4%. Self-storage specialist Lok’n Store’s share price jumped on news […]
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26 Apr 2024 8 min read
QuotedData’s Real Estate Quarterly Review – First Quarter 2024
Real estate quarterly report Desperately seeking a catalyst The real estate investment trust (REIT) and listed property sector seems to have been cut adrift and is desperately seeking a positive macroeconomic outlook on which investors can hang their hat and from which sentiment can grow. The first quarter of 2024 started as 2023 left off […]
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11 Apr 2024 12 min read
QuotedData’s Real Estate Monthly Roundup – April 2024
Real Estate Roundup Performance data March’s biggest movers in price terms are shown in the charts below. The release of positive inflation data during the month – which showed CPI was back trending down towards the 2% target – was a much-needed tonic for the real estate sector. The median average share price rose 3.5% […]
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11 Mar 2024 12 min read
QuotedData’s Real Estate Monthly Roundup – March 2024
Real Estate Roundup Kindly sponsored by abrdn Performance data February’s biggest movers in price terms are shown in the charts below. It was another month of disappointing share price performance for the real estate sector, as the timing of the fabled interest rate cuts that could kick start a recovery in the sector remains unclear […]
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22 Jan 2024 10 min read
QuotedData’s Real Estate Annual Review – 2023
Real Estate Annual Review Kindly sponsored by abrdn Things can only get better The real estate sector endured a tough 2023, with much of the year characterised by falling values amid the high interest rate landscape. Values have since stabilised across sub-sectors. Optimism returned in the final couple of months of the year, on promising […]
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13 Dec 2023 15 min read
QuotedData’s Real Estate Monthly Roundup – December 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data November’s biggest movers in price terms are shown in the charts below. Property stocks bounced back in November after a difficult few months, with the median share price across the sector up 8.2%. Investor sentiment towards the sector improved as hopes that interest rates have hit […]
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17 Nov 2023 11 min read
QuotedData’s Real Estate Monthly Roundup – November 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data October’s biggest movers in price terms are shown in the charts below. October was another difficult month for property companies, with only a handful of positive moves and the median share price across the sector down 4.7%. Although not reflected in the data here, the Bank […]
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13 Oct 2023 12 min read
QuotedData’s Real Estate Monthly Roundup – October 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data September’s biggest movers in price terms are shown in the charts below. Investor sentiment towards property stocks continues to wane, with the median share price of REITs and listed property companies down another 2.4% over the month of September – and 14.8% in the year to […]
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14 Sep 2023 17 min read
QuotedData’s Real Estate Monthly Roundup – September 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data August’s biggest movers in price terms are shown in the charts below. The property sector remains in a state of limbo as investors await signs that interest rates have peaked. The median share price of REITs and listed property companies was down 2.4% over the month […]
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11 Aug 2023 10 min read
QuotedData’s Real Estate Monthly Roundup – August 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data July’s biggest movers in price terms are shown in the charts below. Better than expected inflation figures in the UK raised hope that interest rates had peaked, and that commercial property values may have bottomed out. Improving investor sentiment towards the sector was reflected in an […]
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14 Jul 2023 12 min read
QuotedData’s Real Estate Monthly Roundup – July 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data June’s biggest movers in price terms are shown in the charts below. Sticky inflation in the UK and the Bank of England’s 0.5% hike in interest rates, which now sit at 5.0%, their highest level in 15 years, saw uncertainty return to the property market. The […]
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13 Jun 2023 15 min read
QuotedData’s Real Estate Monthly Roundup – June 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data May’s biggest movers in price terms are shown in the charts below. The property sector is a hotbed of merger and acquisition (M&A) activity as investors look to take advantage of the unloved sector and wide discounts to net asset values (NAVs). Higher than expected inflation […]
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16 May 2023 13 min read
QuotedData’s Real Estate Monthly Roundup – May 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data April’s biggest movers in price terms are shown in the charts below. Property stocks returned to positive territory in April after months of losses due to the impact of higher interest rates on valuations. The first signs of values stabilising are starting to feed through with […]
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25 Apr 2023 8 min read
QuotedData’s Real Estate Quarterly Review – First Quarter 2023
Real estate quarterly report Kindly sponsored by abrdn Headwinds mount up The headwinds facing commercial real estate continued to mount up in the first quarter of 2023, reflected in an 8.9% average share price fall across the sector. Already reeling from the impact of higher interest rates on valuations, the collapse of Silicon Valley Bank […]
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06 Apr 2023 13 min read
QuotedData’s Real Estate Monthly Roundup – April 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data March’s biggest movers in price terms are shown in the charts below. Property stocks tumbled further in March as stubborn inflation and a further interest rate hike was announced by the Bank of England. The median average share price fall across the sector was 7.9%. Perhaps […]
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82 min read
QuotedData’s Economic and Political Monthly Roundup April 2023
Economic and Political Monthly Roundup Investment companies | Monthly | April 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
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09 Mar 2023 15 min read
QuotedData’s Real Estate Monthly Roundup – March 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data February’s biggest movers in price terms are shown in the charts below. It was a mixed month in terms of share price performance for property companies, with a mean average share price fall of 0.3% across the sector. On the positive side, shopping centre behemoth Hammerson […]
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09 Feb 2023 7 min read
QuotedData’s Real Estate Monthly Roundup – February 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data January’s biggest movers in price terms are shown in the charts below. 2023 started positively for the property sector, with a median average share price uplift of 1.3%. A gloomy economic outlook at the end of 2022 saw many property companies’ share prices fall to substantial […]
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24 Jan 2023 10 min read
QuotedData’s Real Estate Annual Review – 2022
Real Estate Annual Review Kindly sponsored by abrdn The year the rug was pulled out 2022 will be remembered as the year that the rug was pulled from under the property sector. Having benefitted from decades of low interest rates, which had fuelled debt-ladened deals and piqued the appetite of global investors looking for more […]
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07 Dec 2022 12 min read
QuotedData’s Real Estate Roundup – December 2022
Real Estate Roundup Kindly sponsored by abrdn Performance data November’s biggest movers in price terms are shown in the charts below. Valuation declines in the property sector are starting to feed through in NAV announcements and interim results (see page 2) as higher cost of debt continues to put pressure on pricing. Having seen dramatic […]
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03 Nov 2022 8 min read
QuotedData’s Real Estate Roundup – November 2022
Real Estate Roundup Kindly sponsored by abrdn Performance data October’s biggest movers in price terms are shown in the charts below. Having priced in a major write-down of portfolio valuations in the real estate sector, especially after interest rate expectations rocketed following the disastrous mini-budget at the end of September, the market seems to have […]
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14 Oct 2022 8 min read
QuotedData’s Real Estate Quarterly Review – Third Quarter 2022
Real estate quarterly report Kindly sponsored by abrdn Choppy waters ahead High interest rates is a killer for real estate, and so the chancellor’s disastrous ‘mini budget’ at the end of September – which spooked gilt markets and saw interest rate forecasts for next year top 6% – had a catastrophic impact on the listed […]
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04 Aug 2022 10 min read
QuotedData’s Real Estate Roundup – August 2022
Real Estate Roundup Kindly sponsored by abrdn Performance data July’s biggest movers in price terms are shown in the charts below. Many of the logistics and office focused companies that have suffered in the past few months saw somewhat of a recovery in July, as the substantial discounts that their share prices trade at relative […]
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15 Jul 2022 8 min read
QuotedData’s Real Estate Quarterly Review – Second Quarter 2022
Real Estate Quarterly Review Kindly sponsored by abrdn Storm clouds gather Fears that a perfect storm is brewing has weighed on the real estate sector. Central banks’ move to raise interest rates to curb spiralling inflation has stoked concerns that investors will turn away from real estate to less risky alternatives, such as bonds. Meanwhile […]
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07 Jul 2022 15 min read
QuotedData’s Real Estate Roundup – July 2022
Real Estate Roundup Kindly sponsored by abrdn Performance data June’s biggest movers in price terms are shown in the charts below. There were only a handful of property companies that saw share price growth in the month of June as interest rate rises and concerns of an impending recession took hold. Top of the list […]
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06 May 2022 9 min read
QuotedData’s Real Estate Roundup – May 2022
Real Estate Roundup Kindly sponsored by abrdn Performance data April’s biggest movers in price terms are shown in the charts below. Fears of a looming recession meant April was a difficult month for property stocks generally. There were a few positive performers in share price terms, however. Leading the way was London office landlord and […]
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12 Apr 2022 7 min read
QuotedData’s Real Estate Quarterly Review – First Quarter 2022
Real Estate Quarterly Review Kindly sponsored by Abrdn Value to be found in topsy-turvy market The first three months of 2022 have been full of significant events. Investor caution followed Russia’s invasion of Ukraine and put paid to a London-listed property company with a portfolio of Russian assets (see page 6 for details). The cost-of-living crisis […]
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06 Apr 2022 15 min read
QuotedData’s Real Estate Roundup – April 2022
Real Estate Roundup Kindly sponsored by abrdn Performance data March’s biggest movers in price terms are shown in the charts below. Property stocks generally rallied in March, perhaps due to the relative inflation hedge they can provide. There were two outliers in Dublin office specialist Hibernia REIT and small-cap South East of England landlord McKay […]
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09 Mar 2022 11 min read
QuotedData’s Real Estate Roundup – March 2022
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data February’s biggest movers in price terms are shown in the charts below. The geopolitical uncertainty caused by the Russian invasion of Ukraine has hit markets hard. On the whole, the property sector suffered losses during February, but there were a few companies that saw […]
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04 Feb 2022 7 min read
QuotedData’s Real Estate Roundup – February 2022
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data January’s biggest movers in price terms are shown in the charts below. Perhaps reflecting optimism around the strength of the economy coming out of COVID restrictions, a shift to value stocks was triggered in January, with property generalists and retail-focused companies the beneficiaries. Hammerson […]
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24 Jan 2022 10 min read
QuotedData’s Real Estate Annual Review – 2021
Real Estate Annual Review Kindly sponsored by Aberdeen Standard Investments Bouncebackability Over the course of 2021, the property sector certainly rebounded from the depths of the pandemic-induced slumps of 2020, with the average share price of listed property companies up 14.2%. That didn’t mean there were not some ups and downs along the way. The […]
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07 Jan 2022 9 min read
QuotedData’s Real Estate Roundup – January 2022
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data December’s biggest movers in price terms are shown in the charts below. The year of 2021 ended with positive news that the Omicron variant was less serious than first thought, resulting in a lockdown over the Christmas-trading period being avoided. It was Home REIT […]
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06 Dec 2021 13 min read
QuotedData’s Real Estate Roundup – December 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data November’s biggest movers in price terms are shown in the charts below. November ended under a cloud of uncertainty, with the discovery of the Omicron coronavirus variant threating a return of restrictions that have wreaked havoc in the property sector over the past two […]
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15 Oct 2021 8 min read
QuotedData’s Real Estate Quarterly Review – Third Quarter 2021
Real Estate Quarterly Review Kindly sponsored by Aberdeen Standard Investments Rate rise fears dampens bounce back The quarter started with much promise, as activity picked up with the full opening of the economy. This was reflected in the valuation of commercial properties and in turn investor sentiment to the listed real estate sector. However, supply chain […]
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08 Oct 2021 10 min read
QuotedData’s Real Estate Roundup – October 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data September’s biggest movers in price terms are shown in the chart below. With fears that economic growth will be stunted by supply chain issues, September wasn’t a great month for property stocks. However, development and regeneration specialist Harworth saw its share price rise 13.3% […]
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09 Sep 2021 9 min read
QuotedData’s Real Estate Roundup – September 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data August’s biggest movers in price terms are shown in the chart below. Traditionally a quiet month, August was anything but for property companies. While takeovers, IPO activity and large investment deals dominated the headlines, Tritax Big Box REIT continued its impressive performance. After reporting […]
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15 Jul 2021 8 min read
QuotedData’s Real Estate Quarterly Review – second quarter 2021
Value hunters boost property The easing of lockdown restrictions throughout the quarter saw property companies stage somewhat of a comeback from the depths of the pandemic, despite ‘freedom day’ being delayed into July. The potential for an economic bounce in the second half of the year is growing and generalist real estate investment trusts (REITs), […]
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09 Jul 2021 10 min read
QuotedData’s Real Estate Roundup – July 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data June’s biggest movers in price terms are shown in the chart below. In a month when Boris Johnson announced the easing of restrictions would be pushed back as COVID cases rose, only a handful of property companies saw share price gains. Topping the list […]
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11 May 2021 9 min read
QuotedData’s Real Estate Roundup – May 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data April’s biggest movers in price terms are shown in the chart below. Diversified property companies were the winners in April as progress in the UK’s vaccination programme and roadmap out of lockdown continued unabated. Six of the top 10 best performing companies in price […]
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19 Apr 2021 8 min read
QuotedData’s Real Estate Quarterly Review – first quarter 2021
Lockdown cloud begins to lift The success of the vaccine rollout in the UK and the implementation of a roadmap out of lockdown saw the share prices of listed property companies – most of which had been decimated during the last year – make somewhat of a recovery. The economy is on firmer footing and […]
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14 Apr 2021 11 min read
QuotedData’s Real Estate Roundup – April 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data March’s biggest movers in price terms are shown in the chart below. Drum Income Plus REIT saw its share price rally 75% in March following the announcement that its board was undertaking a strategic review to consider the future of the company, which it […]
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08 Mar 2021 10 min read
QuotedData’s Real Estate Roundup – March 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data February’s biggest movers in price terms are shown in the chart below. The roadmap out of lockdown and the impressive vaccination programme in the UK has lifted confidence in a swift economic recovery and triggered a shift to value stocks. Property companies on significant […]
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11 Feb 2021 6 min read
QuotedData’s Real Estate Roundup – February 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data January’s biggest movers in price terms are shown in the chart below. The UK’s vaccination programme has lifted optimism for a speedier opening of the economy than first feared at the start of the year. Property companies that reported positive valuation figures for the […]
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22 Jan 2021 12 min read
QuotedData’s Real Estate Annual Review – 2020
Real Estate Annual Review Kindly sponsored by Aberdeen Standard Investments Riding out the COVID rollercoaster The 2020 rollercoaster saw more downs than ups and at times felt like a pandemic induced freefall. Lockdowns, tiers and plenty of U-turns meant investing in property was not for the faint hearted. Positivity returned at the end of the […]
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14 Jan 2021 9 min read
QuotedData’s Real Estate Roundup – January 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data December’s biggest movers in price terms are shown in the chart below. The boost of coming out of the second national lockdown in early December was short lived as Christmas was cancelled for most of the UK with COVID-19 cases spiking. It did little […]
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17 Dec 2020 12 min read
QuotedData’s Real Estate Roundup – December 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data November’s biggest movers in price terms are shown in the chart below. The eagerly awaited news of a successful vaccine candidate came at the start of November, boosting the stock market. Property companies that had seen their share price battered over the past eight […]
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16 Oct 2020 8 min read
QuotedData’s Real Estate Quarterly Review – Q3 2020
Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments Toughing it out It has been another challenging quarter for the real estate sector as the COVID-19 pandemic continues to take its toll. The economy bounced back in the early part of the quarter after the national lockdown was lifted, while government schemes such as […]
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09 Oct 2020 10 min read
QuotedData’s Real Estate Roundup – October 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data September’s biggest movers in price terms are shown in the chart below. There was an eclectic mix of property companies to feature in the top price movers for September. Top of the tree was private rented sector and residential development specialist Sigma Capital Group, […]
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10 Sep 2020 8 min read
QuotedData’s Real Estate Roundup – September 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data August’s biggest movers in price terms are shown in the chart below. There were some interesting price rises during the month of August as investors’ search for returns took them to property companies that have seen their share prices severely depressed during the Covid-19 […]
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13 Aug 2020 9 min read
QuotedData’s Real Estate Monthly Roundup – August 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data July’s biggest movers in price terms are shown in the chart below. A number of REITs and property companies saw big share price gains over the month of July as covid-19 restrictions started to ease across the UK and greater economic stimulus was revealed. […]
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16 Jul 2020 7 min read
QuotedData’s Real Estate Quarterly Review – Q2 2020
Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments A polarised lens The covid-19 pandemic continued to wreak havoc in the real estate in the second quarter, but a polarisation of sectors and funds has started to become apparent. Companies focused on the retail, leisure and hospitality property sectors had already seen huge negative […]
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07 Jul 2020 12 min read
QuotedData’s Real Estate Roundup – July 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data June’s biggest movers in price terms are shown in the chart below. Uncertainty caused by the covid-19 pandemic continued to weigh on property stocks in June and we had the first real casualty in Intu Properties, which collapsed into administration. A number of companies […]
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07 May 2020 11 min read
QuotedData’s Real Estate Roundup – May 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data April’s biggest movers in price terms are shown in the chart below. Following two months of heavy falls as the covid-19 pandemic took hold and the UK was put on lockdown, many property companies saw a bounce in their share price in April, although […]
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20 Apr 2020 7 min read
QuotedData’s Real Estate Quarterly Roundup – First Quarter 2020
Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments Covid chaos The covid-19 pandemic has had a devastating effect on the share price of property companies, with 31% wiped off the value of their total market capitalisation during the first quarter of 2020. Companies focused on the retail, leisure and hospitality property sectors were […]
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07 Apr 2020 11 min read
QuotedData’s Real Estate Roundup – April 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data March’s biggest movers in price terms are shown in the chart below. Property stocks took a hammering in March as the covid19 pandemic took hold. The UK was put on lockdown to stop the spread of the coronavirus resulting in the enforced closure of […]
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10 Mar 2020 12 min read
QuotedData’s Real Estate Roundup – March 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data February’s biggest movers in price terms are shown in the chart below. Property stocks tumbled in February as fears over the spread of Covid-19 spooked financial markets around the world and resulted in the largest sell-off since the 2008 financial crisis. There were just […]
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07 Feb 2020 9 min read
QuotedData’s Real Estate Roundup – February 2020
Real Estate Roundup Performance data January’s biggest movers in price terms are shown in the chart below. The sluggish start to the year for listed property companies is hardly surprising given they were coming off a high base after the “Boris-bounce” following the general election in December. Topping the list was Triple Point Social Housing […]
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30 Jan 2020 12 min read
QuotedData’s Real Estate Annual Review – 2019
Property’s alternative theory The year was dominated by political and economic uncertainty, with Brexit negotiations casting a shadow over the market and the general election adding a further layer of doubt for much of the year. For a market that is staunchly aligned with political and economic sentiment, listed property companies and REITs performed well, […]
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10 Oct 2019 21 min read
Retail property market – ready for a renaissance?
Ready for a renaissance? There have been few structural shifts in the property sector as profound as the one currently taking place in retail. Consumer spending patterns have drastically changed over the past five years, with online sales now accounting for 19.7% of all retail spend in the UK (August 2019, source: ONS), compared to […]
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21 min read
Retail property market – ready for a renaissance?
Retail ready for a renaissance? There have been few structural shifts in the property sector as profound as the one currently taking place in retail. Consumer spending patterns have drastically changed over the past five years, with online sales now accounting for 19.7% of all retail spend in the UK (August 2019, source: ONS), compared […]
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02 Oct 2019 11 min read
QuotedData’s Real Estate Roundup – October 2019
Real Estate Roundup Performance data September’s biggest movers in price terms are shown in the chart below. The month of September was a bumper month for many property companies’ share price, dominated by retail focused companies, who in general have taken a hammering over the past 18 months or so. Top of the list was […]
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18 Sep 2019 7 min read
QuotedData’s Real Estate Roundup – September 2019
Real Estate Roundup Performance data August’s biggest movers in price terms are shown in the chart below. The month of August has traditionally been a quiet period for news and announcements in the property sector, and this year is no different. Central London landlord Shaftesbury, which owns Carnaby Street as well as huge swathes of […]
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11 May 2018 1 min read
QuotedData’s investment companies roundup – May 2018
QuotedData investment companies roundup – May 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2018. Kindly sponsored by Baillie Gifford. India Capital Growth has experience a rebound in performance in the past month, as […]
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25 Apr 2018 1 min read
Quarterly investment companies roundup – First quarter 2018
Quarterly investment companies roundup – First quarter 2018 Quarterly investment companies roundup – First quarter 2018 – Global equity markets declined in the first quarter of 2018. Concerns about US interest rate rises were the feature of the first half of the quarter. However, worries about global trade took over in the second part, particularly […]
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13 Mar 2018 1 min read
QuotedData’s Economic round up – March 2018
QuotedData’s economic round up – March 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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10 Jan 2018 2 min read
QuotedData investment companies roundup – January 2018
QuotedData investment companies roundup – January 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of December 2017. Kindly sponsored by Baillie Gifford. January Investment Companies Roundup Winners and losers in December Infrastructure India’s share price […]
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11 Dec 2017 2 min read
QuotedData investment companies roundup – December 2017
QuotedData investment companies roundup – December 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2017. Kindly sponsored by Baillie Gifford. December Investment Companies Roundup Money raised and returned in November There were no […]
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10 Nov 2017 1 min read
QuotedData investment companies roundup – November 2017
QuotedData investment companies roundup – November 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2017. Kindly sponsored by Baillie Gifford. November Investment Companies Roundup Globalworth Real Estate’s discount was eliminated after it announced […]
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14 Jun 2017 1 min read
QuotedData investment companies roundup – June 2017
QuotedData investment companies roundup – June 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2017. Kindly sponsored by Baillie Gifford. June Investment Companies Roundup Japan was one of the best places to be […]
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16 May 2017 2 min read
QuotedData investment companies roundup – May 2017
QuotedData investment companies roundup: Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2017. Kindly sponsored by Baillie Gifford. Money in: The only new launch in April was EJF Investments, a £69m fund trying to take advantage of […]
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07 Dec 2016 1 min read
QuotedData investment companies roundup – December 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2016. december-investment-companies-roundup
News
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07 Nov 2024 1 min read
QuotedData’s morning briefing 7 November 2024 – JZCP, HMSO, API, CREI
In QuotedData’s morning briefing 7 November 2024: JZ Capital Partners (JZCP) announced its interim results for the period ended 31 August 2024. The company delivered a NAV per share return of 2%. Total realisation and distribution proceeds were $44.2m following the successful realisations of Karium and My Lender and, post-period, amongst other smaller realisations, the […]
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16 Oct 2024 2 min read
QuotedData’s morning briefing 16 October 2024 – IPU, HMSO, BOOT
In QuotedData’s morning briefing 16 October 2024 Invesco Perpetual UK Smaller Companies Investment (IPU) announced its interim results for the six months to 31 July 2024. The company saw a strong NAV total return of 13.8%, ahead of the benchmark index return of 12.1%. Shares were up 13.3%. IPU also paid its first interim dividend […]
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09 Oct 2024 2 min read
QuotedData’s morning briefing 9 October 2024 – RCP, CRS, LABS, HMSO, SERE
In QuotedData’s morning briefing 9 October 2024: RIT Capital Partners (RCP) has a new independent non-executive director and member of the Audit and Risk Committee, Helena Coles. Helena has extensive international experience and spent most of her career as a portfolio manager. She also brings valuable perspectives from asset owners and a UK regulator. She […]
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14 Aug 2024 2 min read
QuotedData’s morning briefing 14 August 2024 – HOME, HMSO, DSM, NESF, RCOI
In QuotedData’s morning briefing 14 August 2024: Home REIT says that it has reached an agreement with Mansit Housing CIC, a non-performing tenant, for the surrender of its leases on 68 properties. The majority of the properties are occupied by private rented sector tenants on Assured Shorthold Tenancies. This should boost Home REIT’s rental income. […]
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26 Jul 2024 1 min read
QuotedData’s weekly news show 26th July 2024
Thank you to everyone that listened in today on our YouTube channel. In this week’s show, James Carthew and Richard Williams covered the week’s top stories: Jupiter Green (0:25) Hammerson (6:37) Unite (11:20) This week’s interview was with Henry Butt from AEW UK REIT – watch it again here.
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22 Jul 2024 2 min read
Hammerson makes £1.5bn ‘transformational’ sale
Hammerson has sold its retail outlets business Value Retail for £1.5bn, generating cash proceeds of £600m. The disposal of the stake in Value Retail, which holds nine outlet centres across the world including Bicester Village, was at a price that represented an exit cash yield of 3.4% and crystallised a 10-year IRR of 13%. It was, […]
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01 Mar 2024 1 min read
QuotedData’s weekly news show 1st March 2024
Thank you to everyone that listened in today, whether you watched the Zoom live or on YouTube. In this week’s show, Matthew Read covered the week’s top stories: • HICL Infrastructure (1:10) • Renewables – Bluefield Solar Income (4:48), TRIG (9:46), Greencoat UK Wind (10:31) • Property – SEGRO (11:11), Hammerson (12:14) Andrew McHattie reflected […]
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29 Feb 2024 2 min read
Hammerson turnaround continues with record year of leasing
Retail property landlord Hammerson reported a record year of leasing, which contributed to an 11% uplift in adjusted earnings in annual results to 31 December 2023. The group completed 306 lettings, which generated £46m of headline rent up 23% on a like-for-like basis. Permanent deals signed were 37% above the previous passing rent and 12% above […]
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26 Feb 2024 1 min read
QuotedData’s morning briefing 26 February 2024 – SONG, HMSO, AERI, MPLF
In QuotedData’s morning briefing 26 February 2024: Hipgnosis Songs Fund (SONG) has confirmed that following its previous announcement on 19 February, Mr Mercuriadis and the Investment Adviser have refused to indemnify the trust against liabilities which may arise from his alleged misconduct. SONG now intends to bring a Part 20 Claim in the High Court […]
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28 Jul 2022 2 min read
QuotedData’s morning briefing 28 July 2022
In QuotedData’s morning briefing 28 July 2022: Ecofin US Renewables (RNEW) says that its end June NAV was 97.32 cents, down slightly from the figure of 97.64 cents at end March. The main infuences on the NAV over the quarter were an inflation/interest related increase in discount rates used to value the portfolio (-$3.5m) offset […]
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04 Mar 2022 1 min read
Hammerson cuts losses as disposals strengthen balance sheet
Hammerson’s ongoing repositioning efforts have seen losses dramatically fall in full year results to the end of December 2021. The retail group said IFRS loss for the year was £429m against £1,735m the previous year. The loss was largely due to a £470m portfolio valuation fall. The group’s portfolio is now worth £5.4bn, down 7.9%. […]
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27 Jan 2022 3 min read
QuotedData’s morning briefing 27 January 2022
In QuotedData’s morning briefing 27 January 2022: ICG Enterprise Trust (ICGT) is investing in Brooks Automation alongside funds advised by Thomas H. Lee Partners. The trust has an investment in THL Fund IX and will have exposure to the deal that way, but it will also make a direct investment in Brook Automation. Altogether – […]
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15 Dec 2021 1 min read
Hammerson disposes of £92m non-core assets
Hammerson has continued its non-core asset sell off with the disposal of six properties for £92m. The group said the sales were in line with its strategy of reducing debt, simplifying the portfolio and generating capital for redeployment. It has exchanged contracts to sell its 50% stake in Silverburn, a 100,000 sqm shopping centre near Glasgow, […]
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22 Apr 2021 2 min read
QuotedData’s morning briefing 22 April 2021
In QuotedData’s morning briefing 22 April 2021: Hammerson (HMSO) has further reduced its debt having exchanged unconditional contracts on the portfolio sale of its seven retail park assets to Brookfield for £330m cash proceeds. This represents an 8% discount to the 31 December 2020 book value of £357m and an 8.6% net initial yield. This transaction […]
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19 Jan 2021 1 min read
Hammerson collects just 32% of first quarter rent
Hammerson has received just 32% of rent due for the first quarter of 2021, highlighting the significant struggles of the retail sector during lockdown. The group said it had so far collected £19.8m of the £61.5m billed for the first quarter. A further £12.9m has been deferred or is not yet due due to monthly […]
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18 Dec 2020 2 min read
QuotedData’s morning briefing 18 December 2020
In QuotedData’s morning briefing 18 December 2020: Ecofin U.S. Renewables Infrastructure Trust has announced that its IPO has raised gross proceeds of $125 million. Commitments under the Placing and applications under the Offer for Subscription have been satisfied in full at the Issue Price of $1.00 per Ordinary Share. It is expected that Admission will become […]
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04 Dec 2020 2 min read
QD view – What next for Debenhams, Arcadia landlords?
The retail Armageddon took another sobering twist this week, with the liquidation of department store Debenhams and former high street fashion kingpin Arcadia Group going into administration. The headline numbers are shocking, the main one being that around 25,000 jobs are at risk. From a property point of view, the double collapse could see up […]
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02 Nov 2020 2 min read
QuotedData’s morning briefing 2 November 2020
In QuotedData’s morning briefing 2 November 2020 – Downing Strategic Micro-Cap (DSM) reported interim results for the six months ended 31 August 2020. The NAV increased by 22.5% from the March 2020 low-point, but was down 5.5% over the period, on a per-share basis. Chairman, Hugh Aldous, noted the following: “I said in May that we […]
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16 Oct 2020 2 min read
QD view – Rent collection nuggets
Fourth quarter rent collection figures have been coming in thick and fast over the past week or so and overall they show a general improvement on collection rates during the COVID-19 pandemic. There are a few nuggets to come from the announcements so far. The first thing to say is that collection rates have improved […]
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15 Oct 2020 1 min read
Hammerson collects just 41% of rent for Q4
Hammerson has collected just 41% of rent due for the fourth quarter of 2020, as the retail sector continues to struggle. Broken down into countries, the group has received 38% from its UK portfolio, 33% in Ireland and 51% in France. It said the collection levels for this quarter are ahead of the same point […]
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21 Aug 2020 2 min read
An unlikely saviour of shopping centres
The conundrum of what to do with the vast amount of vacant space in shopping centres has been staring landlords in the face for years. The solution has been mulled over countless times by the biggest landlords, but a deal to convert space left over by ailing department stores into logistics space has yet to […]
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07 Aug 2020 1 min read
QuotedData’s weekly news show 7 August 2020
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on youtube. In this week’s show, James Carthew covered the week’s top stories: SDCL Energy Efficiency’s foray into EV charging Hipgnosis C shares and NAVs Hammerson’s expensive rights issue Syncona’s IPO of Freeline Watch it again here We’ll be back next week […]
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06 Aug 2020 3 min read
Hammerson rights issue
Hammerson rights issue – Hammerson has announced a proposed rights issue to raise gross proceeds of approximately £552m and the sale of substantially all of the company’s 50% interest in VIA Outlets to a mutual fund managed by APG Asset Management N.V. for estimated cash proceeds of approximately €301m (equivalent to approximately £274m), to raise a […]
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01 Jul 2020 1 min read
Initial retail rent collection figures for June revealed
Two big retail landlords, Hammerson and British Land, have revealed rent collection levels of just 16% and 36% for the quarter June to September 2020. Rent collection for the quarter, which is paid in advance, fell due on 25 June and the two group’s today revealed just how bad the figures are for the retail […]
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15 Jun 2020 1 min read
QuotedData’s morning briefing 15 June 2020
In QuotedData’s morning briefing 15 June 2020: Africa Opportunity will return $5.5m to shareholders via a compulsory redemption of shares. 9,565,216 shares (21.46% of the total) will be bought back at NAV ($0.575). Payment will be on 25 June 2020. Hammerson says that Robert Noel will succeed David Tyler as non-executive chair of the company. Robert […]
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27 May 2020 1 min read
Hammerson chief executive steps down
Hammerson chief executive David Atkins has stepped down from the role. Atkins will remain in position until spring 2021 at the latest, while the board conducts a search for his successor, the company announced today. Hammerson, which owns a portfolio of shopping centres, retail parks and outlet centres across the UK and Europe, has suffered […]
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20 Apr 2020 1 min read
Retail landlords call for rental support scheme
Retail property landlords have called on the government to implement a rental support scheme as the covid-19 induced lockdown continues to hit income. Groups including British Land and Land Securities have teamed up with some of the biggest UK retailers to write to chancellor Rishi Sunak with their concerns, the FT reported today. They want […]
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09 Apr 2020 1 min read
QuotedData’s morning briefing 9 April 2020
In QuotedData’s morning briefing 9 April 2020: Rating agency, Moodys has placed Hammerson’s credit rating under review. Currently it rates it as Baa1 (the equivalent of BBB+. If the rating falls below Baa3/BBB-, Hammerson’s debt will no longer be classed as investment grade and it could find it more expensive and harder to borrow and to […]
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03 Apr 2020 1 min read
QuotedData’s morning briefing 3 April 2020
In QuotedData’s morning briefing 3 April 2020 Trump tried to talk up the oil price with news of a Saudi/Russia meeting. It seemed to work but Russia denied all knowledge. In light of the COVID-19 restrictions, Hammerson shareholders will no longer be able to attend its AGM on 28 April 2020 and are instead encouraged to […]
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30 Mar 2020 2 min read
Hammerson collects 37% of rent and suspends dividend
Retail landlord Hammerson collected just 37% of its rent in the latest quarter but has vowed to help retailers through the covid-19 pandemic. The group, which owns shopping centres in the UK and France as well as outlet centres across Europe, has also suspended its final dividend of 14.8p per share in order to preserve […]
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25 Feb 2020 2 min read
Hammerson to slash 2020 dividend in half
Hammerson will cut its dividend for 2020 by almost half to a “sustainable level” as retailer failings continues to impact its business. In full year results, the group said it is expecting the dividend for 2020 to be cut by 46%, from 25.9p in 2019 to 14p. At the end of December, net asset value […]
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21 Feb 2020 2 min read
Hammerson sells retail park portfolio for £400m
Hammerson has exchanged contracts to sell a portfolio of seven retail parks for £400m, as it continues its bid to strengthen its balance sheet. The portfolio sale, which has been acquired by Orion European Real Estate Fund V, and the separate sales of two other retail parks in Swansea and Belfast totalling £55m, represents a discount […]
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12 Dec 2019 1 min read
QuotedData’s other news 12 December 2019
In QuotedData’s other news 12 December 2019 Polar Capital Technology crept closer to the £2bn mark as its NAV grew by 2% over the six months ended 31 October 2019. The benchmark index was a little stronger over this period (up 4%) as very large tech companies (where PCT is underweight) drove the index higher. Gore […]
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19 Nov 2019 1 min read
Hammerson sells Gloucester retail park
Hammerson sells Gloucester retail park – Hammerson has exchanged contracts on the sale of St Oswald’s Retail Park, Gloucester, to a local authority for GBP54m. The sale price reflects a net initial yield of 8.5%, and is 8% below the 30 June 2019 book value. The 20,900 square metre scheme, which is located to the north […]
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04 Oct 2019 2 min read
Mall owners in firing line as John Lewis seeks to withhold chunk of service charge
John Lewis is seeking to withhold 20% of the service charge it pays shopping centre landlords, in a move that will put more pressure on several listed property companies. The BBC has reported that the department store chain has told landlords in some locations that it will withhold 20% of the service charge it is […]
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30 Sep 2019 1 min read
Hammerson exceeds £500m disposal target with sale of retail park
Hammerson has agreed a deal to sell a retail park in Scotland for £67m as it continues its disposal programme to reduce debt. The sale of Abbotsinch Retail Park, in Paisley, means it has now exceeded its minimum disposal target of £500m in the year. Following the sale of a major stake in its Italie Deux shopping centre […]
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29 Jul 2019 1 min read
Hammerson continues non-core sell-off as NAV falls again
Hammerson continues non-core sell-off as NAV falls again – Hammerson has reported another fall in net asset value and announced the sale of its stake in a Paris mall. NAV per share dropped by 7.2% in the first six months of the year, while net rental income fell 12.3% to £156.6m. Adjusted profit for the half […]
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25 Feb 2019 2 min read
Hammerson steps up disposal programme
Hammerson steps up disposal programme – Hammerson has published results for the year ended 31 December 2018. Highlights were: A 4.9% fall in EPRA NAV to 738p Impacted by a weaker investment market, UK property values fell during the second half of 2018 by -9.3%, the overall portfolio produced a 12 month capital return of -4.3% […]
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19 Oct 2018 1 min read
intu properties receives a new possible offer
intu properties receives a new possible offer. intu properties (INTU) has issued a statement after it has received a possible offer from a consortium of parties interested in acquiring it. Reciept of a possible offer On 4 October 2018 the consortium comprising the Peel Group, the Olayan Group and Brookfield Property Group (together the “consortium”) announced that they were in […]
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24 Jul 2018 2 min read
Hammerson begins a £300m buyback programme
Hammerson begins a £300m buyback programme – In its interim results report published today, listed property REIT Hammerson (HMSO) has announced that it has begun a share buyback programme for £300 million. The company confirmed that the programme had begun in a separate announcement released shortly after the interim statement was published. The buyback programme is part of […]
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23 Jul 2018 1 min read
Hammerson sells Imperial and Fife Central Retail Parks
Hammerson sells Imperial and Fife Central Retail Parks – Hammerson plc has exchanged contracts for the sale of two retail parks, Imperial Retail Park, Bristol and Fife Central Retail Park, Kirkcaldy, for a total consideration of GBP164m to Capreon. This transaction brings Hammerson’s total proceeds from disposals in 2018 to GBP300m. Imperial Retail Park, acquired in 2012 […]
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18 Apr 2018 1 min read
Hammerson withdraws from its offer for Intu
Hammerson withdraws from its offer for Intu – On 6 December 2017, Hammerson (HMSO) announced an all-share offer for Intu Properties (INTU). HMSO has decided to with draw from the offer. HMSO had itself been subject to a take over bid from Klépierre, a French real estate investment trust and Europe’s second-biggest publicly traded mall operator, which it […]
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19 Mar 2018 2 min read
Klepierre made bid approach to Hammerson
Klepierre made bid approach to Hammerson – Klépierre has confirmed that “on 8 March 2018, Klépierre made a proposal on a non-adversarial basis to the board of Hammerson with the intention of engaging in a constructive dialogue regarding a possible offer to acquire the issued and to be issued share capital of Hammerson on a […]
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26 Feb 2018 1 min read
Hammerson reports well positioned portfolio and leasing driving performance
Hammerson reports well positioned portfolio and leasing driving performance – British property development and investment company Hammerson plc (HMSO) has reported that it has a 98.3% occupancy rate, which is a 17-year high. The achieved level of lettings in 2017 was the highest in the REIT‘s* 75 year history. This activity contributed to a 6.5% uplift in Earnings Per […]
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01 Feb 2018 1 min read
Hammerson sells Battery Retail Park in Birmingham
Hammerson sells Battery Retail Park in Birmingham – Hammerson plc has exchanged contracts for the sale of Battery Retail Park, Birmingham, to NFU Mutual for GBP57.5 million. The retail park, covering a total of 12,600m(2) , is located in Selly Oak, south west of Birmingham city centre. Built in 1990, Battery Retail Park has benefitted […]
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06 Dec 2017 3 min read
Hammerson in agreed bid for Intu
Hammerson in agreed bid for intu – The boards of Hammerson and Intu Properties have announced that they have reached agreement on the terms of a recommended all-share offer by Hammerson to acquire the entire issued and to be issued share capital of Intu. Intu shareholders will get 0.475 Hammerson shares for every Intu share that they […]
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22 Nov 2017 1 min read
Hammerson sells Places des Halles in Strasbourg
Hammerson sells Places des Halles in Strasbourg – Hammerson has exchanged contracts for the sale of its share (64.5%) of Place des Halles shopping centre in Strasbourg, France. LaSalle Investment Management will purchase the centre from Hammerson and its co-owner, on behalf of funds under management, for a total net vendor price (100%) of EUR […]
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19 Oct 2017 2 min read
Hammerson buys Cergy 3 centre in Paris
Hammerson buys Cergy 3 centre in Paris – Hammerson has completed the acquisition of the 11,000 sqm shopping centre, Cergy 3, adjoining its centre Les Trois Fontaines, Cergy Pontoise, Paris for EUR 81 million (GBP72 million) from a private vendor. Les Trois Fontaines is established as the leading shopping destination for the Val d’Oise region […]
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26 May 2017 1 min read
Hammerson disposes of Westwood and Westwood Gateway Retail Parks, Thanet
Hammerson has announced that it has exchanged contracts for the sale of Westwood and Westwood Gateway Retail Parks, Thanet, to clients of BMO Real Estate Partners for £80 million. The sale price represents a net initial yield of 6.5% and is slightly below December 2016 book value. The retail parks, covering a total of 24,900 […]
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25 May 2017 6 min read
TR Property plans 25.7% dividend increase
As TR Property announces its full year results for the year ended 31 March 2017, Hugh Seaborn, its chairman, commented: “I’m pleased to report another solid year of performance from the Trust. The Board are particularly pleased to announce a final dividend of 6.4p which brings the full year dividend to 10.5p, a 25.7% increase on […]
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21 Apr 2017 1 min read
Hammerson secures a five-year revolving credit facility for £360m
Hammerson has announced that it has signed a £360 million unsecured Revolving Credit Facility (RCF) at an initial margin of 90 basis points. The RCF is with a syndicate of fourteen international banks and has a maturity of five years which may be extended to a maximum of seven years. Hammerson says that the new […]
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20 Feb 2017 3 min read
Hammerson experienced a robust operational performance during 2016
Hammerson has announced its annual results for the year ended 31 December 2016. The company describes the period as being one of, “robust operational performance across all parts of the portfolio”. During the period, net rental income increased by 8.8% to £346.5m and adjusted net profit increased by 9.9% to £230.7m (IFRS profit fell by […]
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23 Nov 2016 2 min read
Hammerson buys four outlet centres
Hammerson plc and its partners in VIA Outlets, APG, Meyer Bergman and Value Retail, have signed an agreement to acquire, subject to regulatory clearance, four established outlet centres as part of its growth strategy in the European outlet market. The retail venues, located close to major cities in Germany, Portugal, Spain and Poland, represent total […]
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22 Nov 2016 1 min read
Hammerson raises £400m of fixed rate debt in US private placement
Hammerson has announced that it has signed an agreement with eleven institutional investors, from both the US and the UK, for the placement of £400m of private placement notes with maturities at 7, 9, 11 and 14 years. The fixed rate notes are denominated in Euro (EUR 177m), British Pound Sterling (£50m) and US Dollar […]
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25 Jul 2016 2 min read
Hammerson beats industry benchmark in H1
Hammerson reports that, for the first six months of 2016, its EPRA net asset value rose by 2.4% to 727p. Adjusted EPS grew by 0.7p or 5.1% to 14.3p. The interim dividend was increased by 6.3% to 10.1p. Their properties produced a return of 2.9%, 0.5% ahead of the industry benchmark. Within this, their French […]
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19 Jul 2016 1 min read
Hammerson sells Manor Walks Shopping Centre, Cramlington, for £78m
Hammerson has announced that it has exchanged contracts for the sale of Manor Walks Shopping Centre, Cramlington, Northumberland to Arch Commercial Enterprise Ltd for £78m. Manor Walks adjoins Westmorland Retail Park and the two schemes form the core retail offer for Cramlington town centre situated nine miles north of Newcastle. Hammerson says that, further to […]
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08 Jul 2016 5 min read
Hammerson takes control of Dundrum, Ireland’s leading shopping centre
Hammerson, together with its joint venture partner Allianz Real Estate, has successfully secured the ownership of Dundrum Town Centre, Ireland’s pre-eminent shopping and leisure destination as part of a portfolio of market-leading retail assets in Dublin, Ireland. Hammerson and Allianz acquired loans secured against a portfolio of retail assets in September 2015 from the National Asset […]
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20 Jun 2016 1 min read
Hammerson sells Thurrock Shopping Park
Hammerson plc ) has exchanged contracts and completed the sale of Thurrock Shopping Park, Essex, to TH Real Estate for GBP93 million. The park comprises two retail schemes with net internal area of 25,500m(2) and is situated next to junction 31 of the M25. Tenants include M&S, Gap, Pets at Home, Decathlon, Boots, Evans Cycles […]
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22 Apr 2016 1 min read
Hammerson secures £420m revolving credit facility
Hammerson has announced the successful syndication and signing of a £420 million unsecured Revolving Credit Facility at an initial margin of 90 basis points with a syndicate of eight international banks. This new facility will refinance the existing £150 million Revolving Credit Facility which would have matured in April 2017 which featured a margin of 150 basis […]
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16 Feb 2016 3 min read
Hammerson figures edge upwards
Hammerson announced its results yesterday. The highlights were an 11.3% uplift in its EPRA NAV, a 12.6% increase in its adjusted earnings per share to 23.9p on the back of a 4.3% improvement in net rental income (2.3% like for like). Overall occupancy rose from 97.5% to 97.7%. Retail sales at their centres rose by […]
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22 Jan 2016 2 min read
Hammerson acquires Grand Central in Birmingham for £335m
Hammerson has announced that it has exchanged contracts with Birmingham City Council to acquire the new Grand Central shopping centre in Birmingham for £335m. The company has also said that it is in advanced discussions, with an existing joint venture partner on other assets, about entering into a 50:50 joint venture for the future ownership […]
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08 Jan 2016 1 min read
Hammerson sells Villebon 2 for €159m
Hammerson has announce that it has exchanged contracts to sell the Villebon 2 retail park to a consortium of French institutional investors for €159m (£116m). Villebon 2 is located in Villebon-sur-Yvette, in the south of Paris region. The park covers 47,500 square metres and was acquired by Hammerson in 2005. Hammerson say that it has […]
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21 Dec 2015 1 min read
Hammerson sells Monument Mall, Newcastle for £75m
Hammerson has announced that it has exchanged contracts for the sale of two assets for a total of £87m. This includes its wholly owned shopping centre Monument Mall in Newcastle-upon-Tyne (pictured), which is being sold to Standard Life Investments UK Property Fund for gross proceeds of £75m. Monument Mall was acquired in 2011 for £28m and […]
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04 Nov 2015 1 min read
Hammerson to redeems its 2016 bonds early
Hammerson has announced that it is to exercise its option to redeem its 5.25% Bonds, due 2016, early. The issue has a par value of £300m. This announcement follows the announcement on 21 October that Hammerson had completed a 10-year bond issue for £350m. The company says that its 5.25% 2016 Bonds will be redeemed […]
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21 Oct 2015 1 min read
Hammerson launches 10-year £350m bond
Hammerson has announced the successful launch of a £350m bond that matures in 2025. The bond has an annual coupon of 3.5% and the company says it was priced at 1.73% over the reference gilt rate. However, the company then entered into a transaction to swap the sterling bond nominal amount and coupon payments into […]
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29 Sep 2015 5 min read
Hammerson/Allianz jv buys Irish retail portfolio
Hammerson plc, together with its joint venture partner, Allianz Real Estate, has signed an agreement with Ireland’s National Asset Management Agency (“NAMA”) to acquire the Project Jewel portfolio of loans secured against market-leading retail assets in Dublin, Ireland, including Dundrum Town Centre, Ireland’s pre-eminent shopping and leisure destination. The loan acquisition is being made through […]
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24 Jul 2015 1 min read
Hammerson ahead of benchmark, big projects progress
Hammerson’s EPRA NAV rose by 4.7% over the first half of 2015. Adjusted earnings rose by 13.3% as rents rose by a like for like 2.1% and the interim dividend was increased by 8% to 9.5p. The company’s loan to value ratio fell by 1% to 33% as they secured a new £415m five-year unsecured revolving […]
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10 Jul 2015 1 min read
Hammerson sells Angers shopping centre
Hammerson says it has exchanged contracts to sell its interest in Grand Maine shopping centre situated to the south west of Angers, to a leading French institutional investor for a net €63.2m (£45.3m). Grand Maine comprises 8,600 sqm of retail space with 57 units over two levels, and is adjacent to a large Carrefour supermarket. […]
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23 Apr 2015 1 min read
Hammerson sells Sheffield retail park
Hammerson is selling the Drakehouse Retail Park in Sheffield to 90 North Real Estate for £61.7m. The sale price is equivalent to a net initial yield of 6.4% and is ahead of the valuation they had in their books as at 31 December 2014 (though they don’t say by how much). At 21,000 m(2) Drakehouse […]
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16 Feb 2015 1 min read
Hammerson’s billion pound developments progressing
Hammerson has announced results for the year ended 31 December 2014 that show its EPRA net asset value rising from 573p to 638p, an increase of 11.3%. The portfolio total return was 13.6%. Dividends totalled 20.4p up from 19.1p and these are payable from earnings per share up 3.5% from 23.1p to 23.9p. Like for like […]
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24 Jul 2014 1 min read
Hammerson : HMSO – interims
Hammerson has published results for the first half of 2014. Its EPRA NAV rose by 6.8% over the period. The interim dividend has been increased by 6% to 8.8p. The property portfolio returned 6.9% – in line with the return on the IPD Retail Property Universe. The UK portfolio did better than the French one […]
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17 Feb 2014 1 min read
Hammerson : HMSO – Final results
Hammerson has announced results for the period ended 31 December 2013 that show its EPRA NAV rising to £5.73 from £5.42, a gain of 5.7%. EPRA earnings per share rose by 10.5% to 23.1p, aided by a 2.1% growth in like for like rental income and occupancy of 97.7% and Hammerson announced an 8% increase […]
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09 Jan 2014 1 min read
Hammerson : HMSO – buys French shopping centre
Hammerson is acquiring a 75% stake in Saint Sebastien shopping centre in Nancy, France for £109m, equivalent to an initial yield of 6%. Recent rent deals have been agreed at a 10% uplift. Hammerson hopes to create significant value by renovating the centre, introducing a dedicated restaurant area and refreshing the tenant mix. The centre, in central […]
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20 Dec 2013 1 min read
Hammerson : HMSO – sells shopping centre for £202m
Hammerson, as part of a 50:50 jv with Aviva, are selling Queensgate Shopping Centre in Peterborough for £202m, equivalent to a yield of 6.4%. Hammerson says it is planning to put the money towards its development and refurbishment programme for 2014 and says it is also considering selective acquisitions.
In The Press
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14 Jul 2020 1 min read
The retail revolution
The retail revolution: As sales boom online, are shares in shopping centres a bargain – or damaged goods?By ANNE ASHWORTH FOR THE DAILY MAIL PUBLISHED: 21:58, 3 July 2020 | UPDATED: 09:23, 4 July 2020 For millions, the ideal shopping centre is no longer what it was. Now more functional than aspirational, it has a Primark, a Poundland, a B&M, […]
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19 Nov 2019 1 min read
Retail property stocks in the bargain bin
Retail property stocks are in the bargain bin Max King 30/10/2019 The savage bear market in the retail property sector may be over, but investors must tread carefully. A24% jump in the share price of Intu Properties on 11 October, a 10% jump in Hammerson’s share price and strength in other property companies with retail […]
