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Hammerson

Hammerson

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History

19421942

Lewis Hammerson sets up company to invest in real estate, converting houses into apartments.

19481948

L.W. Hammerson & Co expands into commercial property.

19541954

Company goes public and changes its name to Hammerson Property and Investment Trust.

19581958

Lewis Hammerson dies and is succeeded as Chairman by Sydney Mason. Focus of group shifts to office and shopping centre development.

1960s1960s

First partnership with a local authority sees the re-development of Bradford city retail quarter.

Hammerson moves into Australia, New Zealand and the US.

1970s1970s

The group expands into Canada and Europe.

Together with a partner, the group develops property in Amsterdam, Brussels and Paris.

19761976

Opening of Brent Cross Shopping Centre, the first major enclosed shopping centre in the UK.

19821982

Name of group changed to The Hammerson Property Investment and Development Corporation plc.

19851985

Acquisition of portfolio of investment properties in Paris.

19891989

Hostile takeover bid for Hammerson by Dutch institution Rodamco rejected by shareholders.

19931993

Ron Spinney, appointed Chief Executive. Rights issue raised £200 million. Group refocuses its activities on those territories where it has critical mass.

19951995

Redevelopment of 99 Bishopsgate, London EC2 completed.

Hammerson acquires interest in Espace St Quentin, a major shopping centres in France and commences redevelopment of 54 boulevard Haussmann, Paris 9e.

19961996

Office redevelopment site purchased at 40 rue de Courcelles, Paris 8e. Former Bull Ring shopping centre in Birmingham acquired.

19971997

Hammerson achieves “Investment in People” accreditation.

Office redevelopment at Globe House, London WC2, pre-let to BAT plc.

19981998

Acquisition of Italie 2, Paris 13eme.

Canadian interests sold.

19991999

Ron Spinney appointed Chairman.

John Richards appointed Chief Executive.

19991999

Opening of major retail scheme, The Oracle, Reading.

20002000

Opening of major retail scheme, WestQuay, Southampton.

20022002

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.

20032003

Opening of Bullring Shopping Centre, Birmingham, following Europe’s largest retail-led urban regeneration project.

20042004

Hammerson plc adopts elects for the (“SIIC”) tax exempt regime for its French business.

Additional 50% interest in WestQuay Shopping Centre, Southampton, acquired for £203 million.

20052005

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.

20062006

Redevelopment started at former Stock Exchange building at 125 Old Broad Street, London EC2.

Hammerson head office relocated to 10 Grosvenor Street, London W1.

20072007

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.

20082008

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.

20092009

£584 million rights issue.

Acquisition of Silverburn shopping centre and Les Terrasses du Port development, Marseille.

David Atkins succeeds John Richards as Chief Executive

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