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Evening Standard

Business

Holly Williams

REVEALED: Shopping centre owner hammerson upbeat despite knock from bicester village sale | Rare Historical Photos

The owner of shopping centres such as Birmingham’s Bull Ring and London’s Brent Cross has reported a hit to earnings after selling off its stake in the owner of Bicester Village.

Hammerson reported a 15% drop in underlying earnings to £99 million for 2024 after it offloaded retail assets, including the holding in Value Retail business to private equity firm L Catterton, backed by French luxury good giant LVMH (Louis Vuitton Moet Hennessy).

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