Hammerson PLC 2024 AR2
The report highlights Hammerson's transformational year in 2024, marked by the strategic disposal of its interest in Value Retail for ’705 million, which significantly strengthened its balance sheet and reduced net debt by 40% to £799 million. The company realigned its portfolio to focus on ten landmark city destinations, including acquiring full control of Westquay. Operationally, Hammerson achieved record leasing performance with 262 leases signed, generating £41 million in headline rent, and improved flagship occupancy to over 95%. On the ESG front, the company reduced its like-for-like carbon emissions by 8.3% compared to 2023, keeping it on track for its Net Zero by 2030 target, and delivered £3.5 million in social value investment.
Company: Hammerson PLC
Sector: Real Estate
Country: United Kingdom
Year: 2024
Type: AR2
Pages: 218
Hammerson PLC
Annual Report
The report highlights Hammerson's transformational year in 2024, marked by the strategic disposal of its interest in Value Retail for ’705 million, which significantly strengthened its balance sheet and reduced net debt by 40% to £799 million. The company realigned its portfolio to focus on ten landmark city destinations, including acquiring full control of Westquay. Operationally, Hammerson achieved record leasing performance with 262 leases signed, generating £41 million in headline rent, and improved flagship occupancy to over 95%. On the ESG front, the company reduced its like-for-like carbon emissions by 8.3% compared to 2023, keeping it on track for its Net Zero by 2030 target, and delivered £3.5 million in social value investment.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Women on Board
Women in Management
Net Zero Target
Employees