Hammerson

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Hammerson is a major British property development and investment company. The firm switched to real estate investment trust (REIT) status when they were introduced in the United Kingdom in January 2007. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index; it is also a constituent of the FTSE EPRA/NAREIT Developed Europe index, among others. Hammerson's portfolio includes properties in the United Kingdom, France and Ireland. It's core focus is on investing in and managing major retail-led properties which serve large urban catchments. The business was founded by Lewis Hammerson, who began to invest in property in 1942, converting houses into apartments. His company L.W. Hammerson & Co moved into the commercial property sector in 1948 and became a listed company in 1953. It first expanded outside the UK in the 1960s, when it moved into Australia, New Zealand and the United States. In the 1970s it ventured onto the continent and back in the UK it developed the Brent Cross Shopping Centre, which was the first major covered shopping centre in the country. In the 1990s the operations outside Europe were sold and further properties were acquired in Europe.