Hammerson: Bicester withstanding Covid-19

“We’re monitoring the problem really intently but the relative share of Chinese visitors to Bicester and our retailers is modest – close to nine%,” explained Mark Bourgeois, the purchasing centre owner’s British isles and Eire taking care of director.  “When we search at extended-time period tendencies and prior pandemics the gross sales advancement tendencies weren’t actually impacted in the medium time period. We’re not in anyway underplaying the likely significance of this, but so considerably sales have ongoing to be solid and there has not been a substantial dip in footfall as of yet.” 

Hammerson declared a slide in revenue by ten.nine% to £214m and an eleven.2% decrease in rental cash flow to £308.5m for the calendar year to 31 December. Having said that, the assets corporation made £542m truly worth of disposals in 2019, forward of targets of £500m. Premium retailers, which contain Bicester Village, had been pointed out

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