Hammerson was established in 1942 by Lewis Hammerson, originally developing residential property then expanding into commercial property in 1948. Hammerson became a public company in 1954, and began a programme of partnering with local authorities to redevelop UK cities’ retail offer. The Company opened Brent Cross, the UK’s first covered mall, in 1976, and expanded into French commercial property in 1985. As mentioned in the Chief Executive’s report, Hammerson focuses on winning retail locations.
Hammerson announces intention to pursue secondary inward listing on the Johannesburg Stock Exchange
Disposal of Manor Walks Shopping Centre, Cramlington
Hammerson secures ownership of Dundrum, Ireland’s leading shopping centre, following consensual borrower agreements
Disposal of Thurrock Shopping Park, Essex
Acquisition of Grand Central, Birmingham
Sales of Villebon 2 Retail Park
Acquisition of portfolio of loans secured against prime retail property in Ireland
Opening of Hammerson office in Reading, UK
Hammerson London HQ moves to Kings Place, King’s Cross
Opening of Les Terrasses du Port, Marseille
Founding of VIA Outlets portfolio with APG, Value Retail and Meyer Bergman
Placing of new shares to raise c£400m, proceeds in part used for acquisition of 40% of Highcross not yet owned and expansion of VIA Outlets
Hammerson and Westfield sign Joint Venture for £1billion Croydon Town Centre regeneration
Announcement of change in strategy to focus on retail property
Disposal of London Office assets
Acquisition of Junction Fund retail parks portfolio
Acquisition of SQY Ouest for €38 million
Acquisition of St Martin’s retail portfolio, including Centrale, Croydon
David Atkins is appointed CEO
Union Square Aberdeen opens
One London Wall, London sold for £67 million.
Major expansion and refurbishment of Highcross, Leicester opened.
Retail-led regeneration scheme, Cabot Circus in Bristol completed
Hammerson adopts tax exempt REIT status in the UK.
Completion and sale of 9 place Vendome, Paris.
Acquisition of Grand Maine shopping centre in Angers, France.
Redevelopment started at former Stock Exchange building at 125 Old Broad Street, London EC2. Hammerson head office relocated to 10 Grosvenor Street, London W1.
Admission of Hammerson to FTSE 100. John Nelson succeeds Ron Spinney as Chairman.
Development of Bishops Square, Spitalfields, London E1 completed showing a surplus of £157 million.
Major retail schemes started in Bristol and Leicester.
Villebon 2 retail park, near Paris, acquired for £105 million.
Hammerson plc adopts the (“SIIC”) tax exempt regime for its French business.Additional 50% interest in WestQuay Shopping Centre, Southampton, acquired for £203 million.
Opening of Bullring Shopping Centre, Birmingham, following Europe’s largest retail-led urban regeneration project.
Sale of 280 Bishopsgate, London, for £219 million.Group secures largest ever pre-let in the City at Bishops Square development. Hammerson acquires publicly quoted Grantchester Holdings plc giving it critical mass in the retail parks sector.
Completion of office developments at 53 quai d’Orsay and 148 rue d’Université, Paris.
Acquisition of Bercy 2, Paris.
Opening of major retail scheme, WestQuay, Southampton.
Opening of major retail scheme, The Oracle, Reading.
Acquisition of Italie 2, Paris 13eme.Canadian interests sold.
Hammerson achieves “Investment in People” accreditation.Office redevelopment at Globe House, London WC2, pre-let to BAT plc.
Office redevelopment site purchased at 40 rue de Courcelles, Paris 8e. Former Bull Ring shopping centre in Birmingham acquired.
Redevelopment of 99 Bishopsgate, London EC2 completed.Hammerson acquires interest in Espace St Quentin, a major shopping centre in France and commences redevelopment of 54 boulevard Haussmann, Paris 9e.
Ron Spinney, appointed Chief Executive. Rights issue raised £200 million. Group refocuses its activities on those territories where it has critical mass.
Hostile takeover bid for Hammerson by Dutch institution Rodamco rejected by shareholders.
Name of group changed to The Hammerson Property Investment and Development Corporation plc.
Opening of Brent Cross Shopping Centre, the first major enclosed shopping centre in the UK.
The group expands into Canada and Europe.
Together with a partner, the group develops property in Amsterdam, Brussels and Paris.
First partnership with a local authority sees the re-development of Bradford city retail quarter.
Hammerson moves into Australia, New Zealand and the US.
Lewis Hammerson dies and is succeeded as Chairman by Sydney Mason. Focus of group shifts to office and shopping centre development.
Company goes public and changes its name to Hammerson Property and Investment Trust.
L.W. Hammerson & Co expands into commercial property.
Lewis Hammerson sets up company to invest in real estate, converting houses into apartments.