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Evening Standard
Evening Standard
Business
Holly Williams

Shopping centre owner Hammerson upbeat despite knock from Bicester Village sale

Hammerson

The owner of shopping centres such as Birmingham’s Bull Ring and London’s Brent Cross has reported a hit to earnings after selling off its stake in the owner of Bicester Village.

Hammerson reported a 15% drop in underlying earnings to £99 million for 2024 after it offloaded retail assets, including the holding in Value Retail business to private equity firm L Catterton, backed by French luxury good giant LVMH (Louis Vuitton Moet Hennessy).

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