CEO Rita-Rose Gagné says the landlord will sell some of its noncore assets to build up its cash balance
Hammerson, a landlord that owns malls in the UK and Western Europe, says its profit for the six months to June grew 14% as the markets in which it operates opened up after going through the worst of the Covid-19 pandemic.
The real estate investment trust reported on Thursday that it had earned an adjusted profit of £20.1m for the six months to June 2021, 14% higher than the £17.7m it earned in the six months to June 2020. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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