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Hammerson CEO Outlines 25% Growth Plan

CANNES-In an exclusive MIPIM interview, David Atkins lays out the European retail picture . . . and explains why Hammerson, unlike other Euro investors, has no interest in growing in the US.

By John Salustri | Updated on March 13, 2013

CANNES-David Atkins has called the ball. As chief executive of Hammerson, Europe’s largest investor and developer of retail space, he has set the company’s sites on a 25% growth in the next three years.

“At the same time,” we expect to reduce our cost base and debt,” he explained in an exclusive interview at MIPIM here. Marseille and Croydon are the targets of major new developments the publicly traded pure-play retail firm has in the offing. The UK and France are Hammerson’s primary stomping ground, with a 75/25 split between the two, respectively.

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