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Dundrum owner has €138m wiped off its Irish property book

Hammerson's portfolio value falls as investor sentiment in retail assets softens

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Hammerson is the co-owner of Dundrum Town Centre. Photo: Frank McGrath

Hammerson is the co-owner of Dundrum Town Centre. Photo: Frank McGrath

Hammerson is the co-owner of Dundrum Town Centre. Photo: Frank McGrath

Irish property owned by Hammerson, a UK-based property development and investment group that co-owns Dundrum Town Centre, has decreased in value by nearly £119m (€138m).

Hammerson, which also holds stakes in Dublin's Ilac Centre and the Swords Pavilions, revalued its property as part of its 2019 full-year results. In 2019, the value of its property portfolio in Ireland was £860m, down from nearly £979m.


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