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Hammerson shops for new strategy


Hammerson has drafted in the global management consultant McKinsey & Company as the shopping centre owner prepares to launch a strategy to shareholders next month.

After its failed takeover of Intu Properties, a rival UK shopping centre developer, The Times has learnt that it appointed McKinsey about a month ago to help it better understand future global retail and consumer trends.

McKinsey’s contribution is expected to complement Hammerson’s work to review “options to accelerate the delivery of value for shareholders”.

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