The value of Hammerson’s property portfolio – which includes a stake in Dundrum Town Centre – is set to slump by 13pc in the second half of this year and by 12pc next year, Goodbody Stockbrokers has warned. That will see almost €200m wiped off the value of its flagship assets in Ireland between 2020 and 2021. UK-listed Hammerson owns 50pc of Dundrum Town Centre, with the other half owned by Allianz. Hammerson also owns half of the Pavilions shopping centre in Swords, and the Ilac Centre in Dublin city centre. Retail vacancies in the UK are rising sharply, according to a report yesterday from the Royal Institute of Chartered Surveyors.

Source: Irish Independent October 29, 2020 21:00 UTC