UK REIT Hammerson reported a 41% fall in net rental income to £158 mln (€185 mln) over 2020, as the business was affected by Covid-19 closures, tenant restructuring and higher provisions for bad debt and tenant incentives.
Big pension funds, insurers and major asset managers intensified their investment activity in the week before Expo, with well over €2 bn of real estate changing hands.
