Intu shares soar nearly 30 per cent on John Whittaker takeover rumours October 5, 2018 Shares in property group Intu have rocketed nearly 30 per cent on rumours of a possible takeover from a consortium led by John Whittaker's Peel Group. The other investors led by the British billionaire include Canada's Brookfield Asset Management and Saudi Arabia's Olayan Group. Intu owns some of the UK's most well-known shopping centres, including the Trafford Centre [...]
School holiday season boosts retail figures at Birmingham Bullring operator Hammerson August 4, 2015 The start of the school holiday season helped drive a sharp rise in retail sales in July, according to one of Britain’s biggest shopping centre owners. Hammerson, which owns the Bullring in Birmingham as well as north London’s Brent Cross shopping centre, launched the Hammerson Retail Tracker — or HART — earlier this year to [...]
Property giant Hammerson uses new virtual walkthrough tech to lure buyers March 10, 2015 Anglo-French property giant Hammerson has teamed up with a property tech startup to map all its shopping centres and retail parks in the UK by using virtual Google street view-style technology. Virtual Walkthrough was set up three years ago by James Morris-Manuel, formerly of Cushman & Wakefield, and Antony Waldorf, a serial entrepreneur who sold [...]
Hammerson fails to placate locals over Shoreditch plan February 17, 2015 Hammerson admitted yesterday that it may make changes to an £800m scheme in London’s east end after running into local opposition. Bishopsgate Goodsyard, a joint venture project with Ballymore in Shoreditch, comprises of 1,450 new homes, 600,000 square feet of offices. It has come under fire from local campaigners for being at odds with [...]
Hammerson pre-tax profit more than doubled last year due to revaluation gains February 16, 2015 The figures Profit before tax at the property firm more than doubled from £341.2m a year earlier to £703.1m for the year ended 31 December 2014. Net asset value – an important indicator for developers which measures the value of the buildings they own – jumped 11.3 per cent to £6.38m. Net rental income – comprised of income from [...]