The owner of the Bullring and Brent Cross is reinventing its shopping centres by switching away from fashion retailers towards healthcare, hospitality and flexible workspaces after reporting a £429m loss.
Hammerson said in future as much as a fifth of its portfolio could have switched to alternative uses including homes, hotels and offices. Fashion will go from occupying more than a third of space to about a sixth, according to the property group. Last year about 70% of the group’s deals were not in fashion, indicating the direction of travel.
