Dundrum shopping centre owner may sell shares to manage Covid-19 fallout – Irish Examiner

Shares in international shopping centre owner Hammerson fell as it confirmed it may seek to sell shares to help in get it through the Covid-19 crisis. 

In Ireland, Hammerson owns half of the Dundrum Shopping Centre and the Swords Pavillions and the Ilac Centre in Dublin city centre, and controls the nearby 1916 battlefield site and has a significant minority stake in the Kildare Village, having sold up in Belfast in recent months. 

In Britain, it owns Brent Cross in London and Birmingham’s Bullring and has interests in Germany and France.    

Along with other retail owners, Hammerson was facing huge pressures in Britain long before the Covid-19 restrictions closed.

Its shares fell a further 5.5% after confirming it may sell shares to shore up its finances amid the Covid storm, while disposing of its half share in Via Outlets. 

Its shares have fallen 71% in the past year.   

Continue reading this atricle at https://www.irishexaminer.com/business/companies/arid-40026488.html