Hammerson unveils leasing shake up as losses widen to £1bn

The Telegraph | Aug 6, 2020 at 3:06 PM
  • Shopping centre firm Hammerson is plotting a shake-up of rent charges as it battles to survive after plunging to a £1bn loss.
  • The company already allows some shops to pay rent based on their turnover, but is considering a wider expansion of this system to replace the old fixed quarterly costs.
  • Shopping centre owners have been hit hard by the pandemic after tenants were forced to close, starving landlords of rental income.