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Hammerson nails 21% profit rise

Grand-Central-Birmingham-FOT

Hammerson reported a 21% rise in adjusted profit for the year to 31 December 2015 to £210.9m. It also boosted its net assets by £543m or 10.9% to £5.5bn.

Earlier this month it bought the Grand Central retail centre in Birmingham (pictured) in a 50:50 joint venture with CPPIB for £350m.

This followed its purchase of a €1.9bn (£1.5bn) Irish retail loan portfolio alongside Allianz in September.

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