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Property Powerhouses Hammerson And Segro Say Demand Remains 'fragile'

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http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/8481059/Property-powerhouses-Hammerson-and-Segro-say-demand-remains-fragile.html

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.

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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?

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  • 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%



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