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UK mall owner Hammerson narrows loss as property market recovers from pandemic slump

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Hammerson, which owns flagship shopping centres including Brent Cross in London and the Bullring in Birmingham, reported a net loss of £429.1m

UK and European mall owner Hammerson narrowed its losses in the year to end-December, pointing to a recovery in the commercial real estate market that was disproportionally affected by lockdown restrictions to manage the Covid-19 pandemic.

Hammerson, which owns flagship shopping centres including Brent Cross in London and the Bullring in Birmingham, reported a narrower net loss of £429.1m from £1.73bn a year earlier...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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