Hammerson, which co-owns Dundrum Town Centre, has cut €2.3bn from the value of its shops and shopping centres, as the Covid-19 pandemic had a severe impact on the retail sector. Hammerson operates in seven different countries, with a number of flagship retail centres including the Bullring in Birmingham, UK. It co-owns Dundrum Town Centre, along with German insurer Allianz. The group also owns half of the Pavilions shopping centre in Swords, the Ilac Centre in Dublin city centre and 40pc of the Kildare Village premium outlet mall. “Despite this, NAV [net asset value] and EPS [earnings per share] were marginally ahead and debt levels stabilised year-on-year.

Source: Irish Independent March 12, 2021 08:53 UTC