Hammerson plc (HMN)

Overview

Hammerson is a distinguished cities business specializing in owning, operating, and developing prime urban real estate. As of 30 June 2023, the company boasts a robust portfolio valued at £4.7 billion, spread across burgeoning cities in the UK, Ireland, and France. Hammerson's strategy focuses on leveraging its extensive experience and capabilities to craft and manage extraordinary city center destinations. These places are not only commercial hubs but also pivotal to the communities they serve, attracting around 175 million visitors annually and supporting over 20,000 jobs through various retail, dining, and social establishments. The company's portfolio includes highly regarded assets such as Bullring in Birmingham, The Oracle in Reading, Dundrum Estate in Dublin, and Terraces du Port in Marseille. Hammerson is also an investor in Value Retail, known for its premier outlet villages like Bicester Village in Oxfordshire. In addition, Hammerson holds 80 acres of pre-development and strategic land, presenting opportunities to augment the scale and diversity of its existing estate or develop stand-alone land projects, thereby underscoring Hammerson's commitment to reshaping entire neighborhoods and enriching the urban landscape.

Products and Services

• Urban Real Estate Development:

At the core of Hammerson's business is the development of prime urban real estate. The focus is on creating vibrant, city-center destinations that blend retail, dining, and social experiences. These developments not only enhance the urban environment but also serve as significant community hubs.

• Property Management:

Hammerson excels in the management of its extensive portfolio of urban properties. With an emphasis on sustaining high occupancy rates, enhancing visitor experiences, and ensuring operational excellence, Hammerson secures its assets' value and appeal over the long term.

• Investment in Retail Villages:

Through strategic investments in Value Retail, Hammerson owns interests in leading outlet villages such as Bicester Village. These shopping destinations offer discounted luxury brands, attracting tourists and shoppers seeking high-value retail experiences.

• Land Development:

Aside from its developed properties, Hammerson holds 80 acres of pre-development and strategic land, including sites like Martineau Galleries in Birmingham and Bishopsgate Goodsyard in Shoreditch. These assets offer potential for new developments that can complement existing properties or create new community focal points.