Hammerson plc has been in operation for over half a century, having been created by Lewis Hammerson. In 1942, he began investing in property with a major interest in the conversion of houses into apartments. In 1948, he expanded into commercial property, and in 1954, the company became public.
Its corporate offices are in London, London. However, it has a high-quality retail property in 22 major shopping centers. This is in addition to 15 convenient retail parks and 20 premium outlet villages. All these have been accomplished through various partnerships with Value Retail.
Hammerson plc operates under three key pillars; capital efficiency, optimized portfolio, and operational excellence. Its primary goal is to deliver a transformation in the deteriorating department stores.
Now and then, the company is diversifying its offers to ensure it is meeting its customer’s expectations. It is also investing in improved customer experience. Meanwhile, it continues to hold onto its listing on the LSE market.