Jump to content
House Price Crash Forum

Property Powerhouses Hammerson And Segro Say Demand Remains 'fragile'

Recommended Posts


Segro, the warehouse owner, said its vacancy rate increased from 12pc to 12.1pc in the three months to March 31, with London and the South East "resilient" but the rest of the UK suffering from "more challenging economic conditions".

Meanwhile, Hammerson, whose portfolio includes the Bullring shopping centre in Birmingham, said consumer spending in its centres had been impacted by Government austerity measures and above-target inflation.

Its occupancy rate slipped from 97.3pc to 96.7pc, below its 97pc target, although David Atkins, chief executive, said Hammerson is benefiting from its focus on "regionally dominant shopping centres and convenient retail parks".

More empty space, a clear sign of recovery.

It's the empty space recovery.

Share this post

Link to post
Share on other sites

At what point do these companies run into trouble - 80% occupancy rates?

After all their profits are probably made in the last few percent. The question is how many businesses are on the edge?

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.

  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.