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 issues with Croydon TUC and Croydon Assembly, and am a member of the latter's Environment Forum. I am a member of the 5 Norbury Residents Associations Joint Planning Committee, and a Governor of Norbury Manor Primary School. I write for Croydon Citizen at http://thecroydoncitizen.com. I co-ordinate the Samuel Coleridge-Taylor and Croydon Radical History Networks and advise the North East People's 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.
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