26-07-2020 14:33 via retailgazette.co.uk

Hammerson obtains £75m government support

// Hammerson issued £75m of debt under the government’s Covid corporate financing facility this month
// The scheme entails the Bank of England buying debt issued by larger companies.
// Hammerson shares have plummeted by 77% this yearHammerson has reportedly been forced to receive government support after only 16 per cent of retail tenants paid their rent last month.
According to The Sunday Times, the shopping centre giant issued £75 million of debt under the government’
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