Established in the year 1942, Hammerson PLC is a UK-based property development and investment company with its headquarters in London. In 2007, the company became a real estate investment trust that owns or invests in potential properties through its arms such as Grantchester Holdings Limited, Hammerson Group Management Limited, Hammerson International Holdings Limited, Hammerson Group Management Limited, and Hammerson Group Limited. The company majorly invests in offices, shopping centers, and retail premises like retail parks and retail outlet centres across the UK and continental Europe. The company is a constituent of the FTSE 250 index.
The strategy of the company is to focus on improving capital efficiency and strengthening its balance sheet by managing refinancing and debt maturities, optimising the portfolio, focusing on core markets, leveraging strategic JVs, and increasing the operational excellence by maintaining a safe trading environment for all stakeholders. The aim is to maximise the income collections and work with various brands to deliver sustainable rents, while reducing service and operating costs.
The company's hands-on approach has predicted the dynamics of retail segment and has recently started focusing on development of immersive shopping experiences. The company has projects in around 21 destinations and investments in outlet villages through its partnership in value retail. The retail venues cover Bullring & Grand Central, Birmingham, Bicester Village, Oxfordshire, Dundrum Town Centre, Dublin, and Les Terrasses du Port, Marseille. Around 190,000 square meters of floor space in more than 1,000 stores is owned and operated by value retail in the UK and Western Europe.
The company has a well-defined framework of corporate governance and complies with the provisions of the UK Corporate Governance Code 2018. The company is a champion about social and local & global environmental responsibilities. It focuses on delivering strong sustainable business solutions while reducing its environmental footprint. It aims to be net positive by 2030 in four areas: carbon, water, resource use, and socio-economic impacts. In 2019, the company won the National Energy Efficiency Award for National Solar PV Project of the Year. The company’s future agendas include creation and involvement in positive and sustainable projects for the coming generations.
Hammerson PLC Kings Place, 90 York Way LONDON N1 9GE United Kingdom GBR
+44 207 887 100