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LONDON-Hammerson plc, an investor-developer of shopping centers,retail parks and office sites primarily in France and the UnitedKingdom, has provided shareholders with a 25.3% return for 2006,the company announced. Hammerson CEO John Richards predicts asimilar or better return in 2007.
Although the return in 2005 was 34%, Richards sees no specialsignificance in the difference between the two-year's returns."It's no Armageddon," the CEO tells GlobeSt.com. "The return in2005 came after we completed an extraordinary year in performance."Compared to average industry-wide returns in the 8% range, Richardssays, "I don't think our shareholders this year aredisappointed."
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