Hammerson recorded a £370m net rental income in FY17, up 6.9% yoy (+1.7% lfl). Its portfolio value amounted to £10.5bn (+5.9% yoy). The year was marked by the announced acquisition of Intu Properties (expected in Q4 18) to bulk up assets to £21bn with even more UK shopping centres and a degree of diversification in Spain. Our figures do not include Intu.
