Hammerson, the prominent shopping malls company, has revealed that it has only been able to collect 41% of the rent owed to it for the fourth quarter. While it is below half, this figure actually represents an improvement compared to the previous quarter. Hammerson operates numerous popular sites in the UK, France, and Ireland, including well-known locations such as Bullring, Brent Cross, Bicester Village, Nicetoile, Italie Deux, Les Terrasses du Port, and Dundrum Town Centre.

Currently, all of Hammerson’s destinations are open and trading. In the UK and Ireland, 94% of its flagship tenants have been given permission by local governments to resume operations, while in France, over 99% have been granted the green light. Despite the extension of a rent moratorium in the UK, the company is optimistic that rent collection rates will continue to improve in the coming months. Discussions regarding the second quarter are still ongoing, but Hammerson expects occupiers to fulfill their rental obligations for the later periods.

In addition, Hammerson has confirmed that it has received approval from competition authorities for the disposal of Via Outlets, its part-owned European outlets operator, to joint venture partner APG. The transaction, valued at €301m (£274m), is set to be completed in the final quarter of this year.

It was also announced that Rita-Rose Gagné, the newly appointed CEO, will officially begin her role on November 2 and join the company’s board.

Useful links related to the article:
– [Hammerson’s official website](https://www.hammerson.com/){:target=”_blank”}
– [More information on Via Outlets](https://www.viaoutlets.com/){:target=”_blank”}