Hammerson downgraded as it confirms 2017 start for shopping centre

Exane BNP Paribas says that Hammerson’s balance sheet constraints will cap future earnings growth and which is now stretched relative to self-imposed loan-to-value and net debt limits.


As a result Hammerson’s share price dipped.


J. P. Morgan has also expressed concern.


New Whitgift works delayed to 2017

A few days before Hammerson confirmed in its 2015 Results Statement:that work on the new shopping centre to replace the Whitgift will not start till 2017 with potential completion date 2020/21.


See also:




This confirms the announcement last year that the current Whitgift would remain open for two Christmases, as reported in my earlier blog posting.


2016 will see detailed planning submissions.

Other Hammerson Finance News

  • Pre-tax profits up 4.5%


  • 2015 Results Statement

can be downloaded at http://www.hammerson.com/investors/result-days/2015-full-year-results

    • CEO Video Interview


  • Investment developments


  • 2 Directors Buy its Shares


Hammerson Shopping Centre News

  • Plans for Dundrum Town Centre


  • Birmingham Centre


  • Aberdeen Centre




About seancreighton1947

Since moving to Norbury in July 2011 I have been active on local economy, housing and environment issues with Croydon TUC and Croydon Assembly. I am a member of the Love Norbury Residents Associations Planning & Transport Committees, and Chair of Nobury Community Land Trust. I write for Croydon Citizen at http://thecroydoncitizen.com. I co-ordinate the Samuel Coleridge-Taylor and Croydon Radical History Networks and edit the North East Popular Politics database. History Project.. I give history talks and lead history walks. I retired in 2012 having worked in the community/voluntary sector and on heritage projects. My history interests include labour movement, mutuality, Black British, slavery & abolition, Edwardian roller skating and the social and political use of music and song. I have a particular interest in the histories of Battersea and Wandsworth, Croydon and Lambeth. I have a publishing imprint History & Social Action Publications.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s