PropertyEU

Hammerson books lower writedowns and losses

By A staff reporter 2010-02-22T00:00:00

Anglo-French property investor Hammerson said on Monday that its 2009 net loss narrowed to £344.5 mln (EUR 390.8 mln) from £1.57 bn a year ago. Property sales pushed net rental income down by 2.1% to £293.6 mln, but the figure was up 1.1% on a like-for-like basis.

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