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LONDON
STOCK EXCHANGE
Hammerson
is a leading European property company, with operations in the UK, France
and Germany. The group invests in and develops shopping centres, retail
parks and prime offices. Its high quality portfolio of over 1,100,000 m²
of retail space, representing 16 shopping centres and 11 retail parks,
and 220,000 m² of prime offices, is valued at £4 billion.
http://www.hammerson.com/
27
February 2006: Hammerson plc – Results for
the year ended 31 December 2005
Highlights
•
Net rental income from the investment portfolio increased by 6.0% on a
like-for-like basis.
•
Adjusted net asset value per share (EPRA basis) increased by 30.9% to £12.37,
reflecting a capital return of 17.6% overall.
•
Return on shareholders’ equity in 2005 was 34.0% (2004: 21.7%).
•
During the year, the group invested over £600 million, including
the acquisitions of Villebon 2, near Paris, for £105 million and
a 50% interest in the Queensgate Shopping Centre, Peterborough, for £156
million.
•
Three major developments were completed showing a total valuation surplus
of £232 million at 31 December 2005 on costs of £331 million.
•
Major retail developments were started in Bristol and Leicester with anticipated
completion of both schemes due in 2008 |
