Hammerson plc R.E.I.T. (GB:HMSO) has released an update.
Hammerson PLC has announced robust half-year results for 2024, highlighting a 24% increase in leasing and a significant 16% reduction in costs. The company successfully completed a £500m disposals program, strengthening their balance sheet and reallocating their portfolio toward high-demand city center destinations. Furthermore, they’ve executed a transformational £1.5bn disposal of Value Retail, planning to use the proceeds for debt reduction, asset reinvestment, and a share buyback of up to £140m for shareholders.
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