In July’s half year results Hammerson announced a change in strategy to shift focus more on their premium outlet and shopping centre schemes. To allow for this focus, they are expected to dispose of their retail park portfolio, selling off their 14 retail parks, the largest being the Central Retail Park in Falkirk and the smallest the Brent South Shopping Park in North London. With this news, I am going to use LDC data to understand the portfolio’s strengths and weaknesses as well as any potential opportunities for prospective buyers. My analysis will look at the occupancy rates across the portfolio, the LDC Health Index rating and the occupier covenants based on their historical openings and closures and the performance of their respective categories.Read more
Over £100 billion worth of sales in UK retail all happened via digital channels last year.
Reported by IMRG and Capgemini, online sales figures surpassed the hundred billion pound mark for the first time last year in an upward trend that’s set to continue. Forecasts suggest a further 15% uplift in 2015, meaning online sales will account for over £116 billion.