Shopping malls giant Hammerson said on Thursday that it has managed to collect only 41% of the Q4 rent that it’s owed. That divides into the UK collecting 38%, Ireland 33%, and France a healthier 51%.
Value Retail's boss says axing VAT reclaim is wrong and that there's no appetite for the alternative ship-to-home option. Meanwhile, another commentator has accused the government of a misleading consultation process.
Major British retail landlord Hammerson issued an update on Wednesday that showed reopenings in England, Ireland and France are well under way, but it has been struggling to collect rents from some retail tenants.
Malls giant Hammerson said Monday it has received “a variety of requests for rent deferrals, which we are reviewing on a case-by-case basis” across its properties in the UK, Ireland France and other European countries.
Sophia Webster is opening its first retail outlet pop-up space, with a debut at key outlet destination Bicester Village in the UK, and is also looking at potential sites across the UK for further temporary shops.