FINANCE: Rising valuations helped Hammerson boost its total return to 13.6% in the year ended 31 December 2014, up from 8.5% a year earlier.
The group’s portfolio, which includes Highcross in Leicester (pictured), increased from £5.9bn to £6.7bn during the year under review, led primarily by a £547m revaluation gain.
The improving retail market and rising consumer confidence helped Hammerson increase rental income by 8.1% to £305.6m, contributing to a doubling in pretax profit to £703.1m.
Net asset value per share increased by 11.3% to £6.38.
