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Hammerson

Hammerson to focus on flagships and premium outlets

Shopping centre owner Hammerson have announced intentions to focus on flagship retail destinations and premium outlets as half year IFRS profit for the period was down 80.6% to £55.7m, which it blamed on “the net revaluation deficit on the group’s property portfolio of £40.1m in the first half of 2018, compared with net gains of £187.9m in 2017.”