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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 it 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 th ...
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Dundrum Town Centre
Dundrum Town Centre is a shopping mall, shopping centre located in Dundrum, Dublin, Dundrum, Dublin, Republic of Ireland, Ireland. It is one of Ireland's two largest shopping centres with over 131 shops, 47 restaurants, 3 amusement facilities and a cinema, retail floor space of and almost total floor space, and over 3,000 car parking spaces. It is located just south of the centre of the suburban village of Dundrum, within the wider eponymous area. It has annual footfall in excess of 18 million. History Dundrum Town Centre was built on the site of the former Pye Ltd., Pye 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 ...
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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 250 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 1 ...
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The Oracle, Reading
The Oracle is a large indoor shopping and leisure mall on the banks of the River Kennet in Reading, Berkshire, Reading, Berkshire, England. Partly on the site of a 17th-century Oracle (workhouse), workhouse of the same name, it was developed and is owned by a joint venture of Hammerson and the Abu Dhabi Investment Authority. History The Oracle takes its name from the 17th century Oracle (workhouse), Oracle workhouse, which occupied part of the site and was built by funds from John Kendrick (cloth merchant), John Kendrick. In 1997, the property developer Hammerson acquired a site of largely derelict land immediately to the south of the town centre. Most of this site was previously occupied by Simonds Brewery, Reading, Simonds Brewery (latterly owned by the Courage (brewery), Courage brewing company) and by the Reading Buses depot (formerly the Reading Corporation tram depot). The brewery had earlier relocated to a new site adjoining the M4 motorway, whilst the bus depot was rel ...
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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 the University of Reading and graduated with a bachelor's degree in 1986. He 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 ...
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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 centres in the United Kingdom, 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 developed by Hammerson and opened by the then Prince of Wales, now King Charles III of the United Kingdom, Charles III, on 2 March 1976. The road adjacent to the shopping centre bears the name Prince Charles Drive to this day. 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 was not considered to be a fully covered building. The scheme was strongly ...
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Grand Central, Birmingham
Grand Central (formerly The Pallasades Shopping Centre, previously Birmingham Shopping Centre) is a shopping centre located above New Street railway station in Birmingham, England England is a Countries of the United Kingdom, country that is part of the United Kingdom. It is located on the island of Great Britain, of which it covers about 62%, and List of islands of England, more than 100 smaller adjacent islands. It ..., that opened in 1971 as Birmingham Shopping Centre. In 1988, it was largely refurbished and reopened as The Pallasades Shopping Centre. The centre underwent a mass redevelopment in 2014, opening on 24 September 2015 as Grand Central. It is currently owned by Hammerson and CPPIB, having been acquired from Birmingham City Council in January 2016 for £335m. When coupled with the Bullring (to which it is connected via a footbridge, branded as "LinkStreet") it forms the United Kingdom's largest city centre-based shopping centre, styled Bullring & Grand Ce ...
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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 Transatlantic Insurance Holdings plc and later 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 ...
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Swords Pavilions
Swords Pavilions is a shopping centre in Swords, County 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, Penneys, 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 autumn of 1998, however cons ...
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Bull Ring, Birmingham
The Bull Ring is a major shopping area in central Birmingham, England, consisting of open-air and indoor market stalls as well as a large indoor shopping centre. The Bull Ring has been an important feature of Birmingham since the Middle Ages, when its market was first held, developing into its main market when the town grew into an industrial city. The current shopping centre complex, styled as "Bullring", forms the United Kingdom's largest city centre based shopping centre when coupled with Grand Central, to which it is connected via a pedestrian overpass, collectively branded as Bullring & Grand Central. The current Bullring opened in 2003, replacing a previous 1960s complex, and houses one of only four Selfridges department stores in the country. 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 and is visible near the church. Toponym ...
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FTSE 250 Index
The Financial Times Stock Exchange 250 Index, also called the FTSE 250 Index, FTSE 250, or, informally, the "Footsie 250" , is a stock market index that consists of the 101st to the 350th mid-cap blue chip companies listed on the London Stock Exchange. Description The index consists of 11 ICB sectors, three of which have a market cap exceeding £25 billion as at 31 December 2024. These are Financials, Industrials, Consumer Discretionary and together account for approximately 75% of the index's market cap. At the same date there was 9 companies with a market cap exceeding £3 billion: Polar Capital, IG, Burberry, B&M, Investec, Direct Line, Tritax Big Box REIT, Britvic, and RS Group equating to approximately 10% of the market cap. Each calendar quarter, the FTSE 250's constituents are reviewed and some companies will either exit or enter the index, resulting in irregular trading volume and price changes as market participants rebalance their portfolios. Relate ...
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Ilac Centre
The Ilac Centre is a shopping centre, located in central Dublin, north of the River Liffey. It has entrances opening onto Henry Street, Parnell Street and Moore Street. History The Ilac Centre was opened in 1981, and was one of the first shopping centres in Dublin city centre. It has been characterised as a "large, low and dull cruciform" shopping complex. It was designed by David Keane & Partners in 1977. The centre is owned by Hammerson and Irish Life Assurance plc. The name was made up from the initial letters of the company as it was then known - Irish Life Assurance Company. Irish Life also previously owned the Irish Life Mall on Talbot Street. It was a scaled back project from the initial 50 acre development proposed by Nathaniel Lichfield, an English master planner, in the mid-1960s. To construct the new shopping centre, a network of old laneways and alleys were demolished, including Riddle's Row, Cole's Lane, and Little Denmark Street, the street from which 2RN had br ...
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Real Estate Investment Trust
A real estate investment trust (REIT, pronounced "reet") is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of real estate, including office and apartment buildings, studios, warehouses, hospitals, shopping centers, hotels and commercial forests. Some REITs engage in financing real estate. REITs act as a bridge from financial markets and institutional investors to housing and urban development. They are typically categorized into commercial REITs (C-REITs) and residential REITs (R-REITs), with the latter focusing on housing assets, such as apartments and single-family homes. Most countries' laws governing 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 pr ...
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