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Hammerson
Hammerson plc is a major British property development and investment company. The firm switched to real estate investment trust (REIT) status when they were introduced in the United Kingdom in January 2007. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index; it is also a constituent of the FTSE EPRA/NAREIT Developed Europe index, among others. The majority of Hammerson's portfolio is in the United Kingdom, but is also operates in continental Europe, including operations in France, Ireland, Spain, and Germany. It invests mainly in offices and retail premises. History The business was founded by Lewis Hammerson, who began to invest in property in 1942, converting houses into apartments. His company L.W. Hammerson & Co moved into the commercial property sector in 1948 and became a listed company in 1953. It first expanded outside the UK in the 1960s, when it moved into Australia, New Zealand and the United States. In the 1970s it ventured onto the ...
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Lewis Hammerson
Lewis W. Hammerson (1916–1958) was the founder of Hammerson plc, one the United Kingdom's largest property businesses and a FTSE 100 company. Career Lewis Hammerson initially joined the family garment business, Amalgamated Weatherware, in the 1930s. In 1942 he sold the family garment business and instead ventured into property, specifically housing, taking advantage of the need for apartments during World War II. His early developments included Castrol House in central London. He died in 1958 at the relatively early age of 42 but having established Hammerson Hammerson plc is a major British property development and investment company. The firm switched to real estate investment trust (REIT) status when they were introduced in the United Kingdom in January 2007. It is listed on the London Stock Excha ... as a leading property developer. His wife, Sue, founded the Lewis W. Hammerson Memorial Hospital in Barnet in his memory. Family He married Sarah "Sue" Waterman early in 19 ...
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Highcross Leicester
Highcross Leicester is a shopping centre in Leicester, England. It was opened as The Shires in 1991 to supplement the Haymarket Shopping Centre, also since re-developed. It was built on a central location within the city centre on Eastgates and High Street. Frontages of buildings that were demolished were retained and new external construction was in a 'neo-Victorian' vernacular. An extension opened in 1994, with a frontage on to Church Gate. A further large extension opened in 2008, when the entire centre was renamed Highcross Leicester. Highcross Leicester contains over 100 shops, with a range of both large and smaller units, including branches of the department stores John Lewis & Partners. There are also 40 restaurants and cafés, a Showcase Cinema de Lux and two large car parks. The Shires becomes Highcross Leicester The most recent extension, known as Shires West during the planning and early construction phases, doubles the retail space available. This extension lies bet ...
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Robert Noel (businessman)
Robert Montague Noel (born 12 June 1964) is a British businessman, and the chairman of Hammerson since September 2020. He was the chief executive (CEO) of Land Securities, the largest commercial property company in the UK, from 2012 until March 2020. Early life Noel was educated at Marlborough College. He went on to study at Reading University and graduated with a bachelor's degree in 1986. is a qualified chartered surveyor. Career On 31 March 2012, Noel succeeded Francis Salway as chief executive of Land Securities. Noel had been managing director of the company's London properties, having joined Land Securities in January 2010 from Great Portland Estates plc, where he had been property director since 2002. Noel has had other roles as chairman of the Westminster Property Association, a Director of The New West End Company and a trustee and director of the charity LandAid. In March 2020 he stood down as CEO of Land Securities, and has been the chairman of Hammerson since Septe ...
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Grand Central, Birmingham
Grand Central (formerly The Pallasades Shopping Centre and previously Birmingham Shopping Centre) is a shopping centre located above New Street railway station in Birmingham, England that opened in 1971 as Birmingham Shopping Centre. In 1989 it was largely refurbished, and reopened 17 September 1990 as The Pallasades Shopping Centre. The centre underwent a mass redevelopment in 2014, opening 24 September 2015 as Grand Central. It is currently owned by Hammerson and CPPIB, having been acquired by Hammerson from Birmingham City Council in January 2016 for £335m. History The original centre was built in 1971 as part of the reconstruction of Birmingham New Street station below. It was known as the Birmingham Shopping Centre before being renamed as The Pallasades. Redevelopment As part of the Birmingham New Street station Gateway Plus redevelopment, Grand Central underwent a major overhaul. The mall has been redesigned with a Texlon ETFE atrium roof as centrepiece, and is home to o ...
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Brent Cross Shopping Centre
Brent Cross Shopping Centre is a large shopping centre in Hendon, north London, owned by Hammerson and Abrdn. Located by the Brent Cross interchange, it opened in 1976 as the UK's first out-of-town shopping centre. Brent Cross attracted 15–16 million shoppers a year as of 2011 and has one of the largest incomes per unit area of retail space in the country. History Brent Cross Shopping Centre was built by Hammerson and opened on 2 March 1976. It was the first out-of-town and American-style indoor shopping centre in the country, with its construction taking 19 years to complete at a cost of £20 million. While the Elephant and Castle Shopping Centre in London predates it, that is not considered to be a fully covered building. The scheme was strongly supported by the local authority of Barnet, but strongly opposed by local traders in Hendon. The centre started out with of retail space on a 52-acre (21 ha) site. Opening Upon its recession-era opening in 1976, Brent Cross ...
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Intu
Intu Properties plc was a British real estate investment trust (REIT), largely focused on shopping centre management and development. Originally named Liberty International plc, it changed its name in May 2010 to Capital Shopping Centres Group plc after demerging its Capital & Counties Properties business unit to form an independent business. The company adopted the Intu name on 18 February 2013, and this was followed by the rebranding of most of its shopping centres under the Intu title from May 2013. The company's shares were listed on the London and Johannesburg stock exchanges until it entered administration in June 2020. The company owned or part-owned 17 shopping centres in the UK and one in Spain prior to entering administration. History The company was established by Sir Donald Gordon in 1980 under the name Transatlantic Insurance Holdings plc as an offshoot of Liberty Life Association of Africa, a business he had founded in 1957. The company developed into a leading ...
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Dundrum Town Centre
Dundrum Town Centre is a shopping centre located in Dundrum, Dublin, Ireland. It is Ireland's largest shopping centre with over 169 tenants, almost of floor space, and over 3,400 car parking spaces. It is located just south of the village centre of Dundrum. History Dundrum Town Centre was built on the site of the former Pye television factory, later the site of an entertainment and bowling centre called ''Dundrum Bowl''. In 1993, the Dundrum Bowl was closed due to flooding. The shopping centre was opened on 3 March 2005. Over 5,000 people queued in the main square. Within 3 years, over 70 million people visited Dundrum Town Centre. The centre has been extended in phases and is divided into various districts. It is divided into areas its management labels "districts" - the "Gallery", located in the main building, "Pembroke", around the Mill Pond feature, and "Dundrum South", located outside the main Tesco overground car park. In July 2016, the UK commercial property fi ...
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Bull Ring, Birmingham
The Bull Ring is a major shopping area in central Birmingham England, and has been an important feature of Birmingham since the Middle Ages, when its market was first held. Two shopping centres have been built in the area; in the 1960s, and then in 2003; the latter is styled as one word, Bullring. When combined with Grand Central (to which it is connected via a link bridge) it is the United Kingdom's largest city centre based shopping centre. The site is located on the edge of the sandstone city ridge which results in the steep gradient towards Digbeth. The slope drops approximately from New Street to St Martin's Church which is very visible near the church. The current shopping centre was the busiest in the United Kingdom in 2004 with 36.5 million visitors. It houses one of only four Selfridges department stores and previously the fourth largest Debenhams in the UK. Toponym The area was first known as Corn Cheaping in reference to the corn market on the site. The n ...
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Swords Pavilions
Swords Pavilions is a shopping centre, located in Swords, Dublin, Swords, in Fingal, Dublin, Dublin, Ireland. The centre contains more than 90 shops, restaurants and cafes, as well as the 11 screen Movies@, Movies@Swords cinema, and has over 2,000 surface and multi-storey parking spaces. The centre is owned by Hammerson and Great-west Lifeco. Tenants and services The centre is home to stores such as Primark, Dunnes Stores, H&M, Zara, River Island, SuperValu (Ireland), SuperValu, Easons, Boots, Rituals and TK Maxx. There is a range of car parks, a cinema and a post office, and there are several restaurants and cafes such as Five Guys, Subway, Abrakebabra, Chopped, Starbucks, Butlers Chocolate Café, Costa and Milano. History In 1996, a planning application was sent to Fingal County Council for a commercial complex to be built on a 20-acre site between the Main Street and the Swords by-pass road. Construction work was meant to start in the middle of 1997 with an opening in the ...
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Real Estate Investment Trust
A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping centers, hotels and commercial forests. Some REITs engage in financing real estate. Most countries' laws on REITs entitle a real estate company to pay less in corporation tax and capital gains tax. REITs have been criticised as enabling speculation on housing, and reducing housing affordability, without increasing finance for building. REITs can be publicly traded on major exchanges, publicly registered but non-listed, or private. The two main types of REITs are equity REITs and mortgage REITs (mREITs). In November 2014, equity REITs were recognized as a distinct asset class in the Global Industry Classification Standard by S&P Dow Jones Indices and MSCI. The key statistics to examine the financial position and operation of a REIT include ...
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FTSE 250 Index
The FTSE 250 Index ( "Footsie") is a capitalisation-weighted index consisting of the 101st to the 350th largest companies listed on the London Stock Exchange. Promotions and demotions to and from the index occur quarterly in March, June, September, and December. The Index is calculated in real-time and published every minute. Related indices are the FTSE 100 Index (which lists the largest 100 companies), the FTSE 350 Index (which combines the FTSE 100 and 250), the FTSE SmallCap Index and the FTSE All-Share Index (an aggregation of the FTSE 100 Index, the FTSE 250 Index and the FTSE SmallCap Index). Annual returns The following table lists the Total Return of the FTSE 250 index up to 31 December 2021. Constituents The following table lists the FTSE 250 companies after the changes on 19 December 2022. See also *FTSE 100 The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the "Footsie" , is a share index of ...
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Cabot Circus
Cabot Circus is a covered shopping centre in Bristol, England. It is adjacent to Broadmead, a shopping district in Bristol city centre. The Cabot Circus development area contains shops, offices, a cinema, hotel and 250 apartments. It covers a total of floor space, of which is retail outlets and leisure facilities. It opened in September 2008, after a ten-year planning and building project costing £500 million. History Site Before the building of Cabot Circus the site contained post-war shopping units and part of the A4044 Bristol inner ring road. Tollgate House and its car park were also demolished, for the re-aligned part of the ring road and the Cabot Circus car park. Many old streets were wiped off the map, although these had long been devoid of their houses. The original chosen name 'Merchants Quarter' came under criticism due to its associations to the slave trade. The name of Cabot was chosen following a public vote taken in November 2007, and commemorates John Cabot, ...
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