Hammerson under microscope

Canadian real estate boss takes reins of UK shopping centre giant

Hammerson drafts in Rita-Rose Gagné as its new chief executive Gagné was previously the president of growth markets at Ivanhoé Cambridge Hammerson has appointed the former Canadian president of growth markets at a real estate firm, Rita-Rose Gagné as its new chief executive. Gagné was previously the president of growth markets at Ivanhoé Cambridge where she oversaw real estate assets across Asia Pacific and Latin America. Prior to joining Ivanhoé in 2006, she worked in various property markets across the world, including the UK, France and Germany. Gagné will succeed current…

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Westfield London shopping centre. Photo Wikimedia Commons

Westfield shopping centres owner responds positively to Covid-19

Westfield owner to raise £3.2bn as it posts improving sales & footfall // Unibail-Radamco-Westfield says footfall & sales recovery in European centres improving since lockdowns // UK Westfield footfall is in the 60%-70% range compared to last year with good week-on-week improvement // However, UK tenant sales weaker than EU with a 70% drop in June followed by -47% in July & -34% in August Unibail-Rodamco-Westfield has revealed plans to undergo a £3.2 billion capital raise after posting recovering footfall and sales figures across its European shopping centres. The French shopping centre giant,…

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JD, Briggate, Leeds

JD seeks “rental realism” as Covid-19 impacts footfall

JD Sports has seen its sales and profits rise and now expects the growth to continue despite the impact of Covid-19. The sportswear retailer reported a sales growth of 30 per cent to £6.11 billion in the year ending February 1, before the lockdown was implemented. Like-for-likes advanced approximately 10 per cent in JD’s core UK and Ireland business. Meanwhile, pre-tax profit rose three per cent to £348.5 million over the year. JD, which last month put its Go Outdoors business through a pre-pack administration, called for “rental realism” as…

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