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Tag: Hammerson

Hammerson shop rent takings down two thirds | Business

Hammerson, one of Britain’s biggest shopping centre owners, was paid only about a third of the quarterly rent it was due last week as cash-strapped retailers struggled to survive the coronavirus crisis. The company, which owns the Bullring in Birmingham and Brent Cross in London, said it had been deluged with requests for rent deferrals, …

Hammerson shop rent takings down two thirds | BusinessRead More

Hammerson offloads seven UK retail parks for £455m | Business

Hammerson has offloaded its out-of-town retail parks for £455m as it looks to reduce its £3bn debt pile and shield itself from the high street crisis. The property group, which owns the Bullring shopping centre in Birmingham, is selling seven sites, including Elliott’s Field in Rugby and the Cyfarthfa park in Merthyr Tydfil, to the …

Hammerson offloads seven UK retail parks for £455m | BusinessRead More

John Lewis to withhold 20% of service fees to some landlords | Business

John Lewis is threatening to withhold up to 20% of the service charges it owes to some of its shopping centre landlords, in protest at “unacceptable” increases in annual service charges over the last few years. Service charge payments cover non-rent items, such as heating, security, maintenance, marketing and staffing. John Lewis, which has about …

John Lewis to withhold 20% of service fees to some landlords | BusinessRead More