July 29, 2019 / 6:29 AM / 21 days ago

Hammerson posts lower rental income, sheds stakes in European shopping centres

July 29 (Reuters) - British shopping centre operator Hammerson Plc reported lower first-half net rental income on Monday, and said it sold stakes in two shopping centres in Europe for 423 million pounds ($523 million).

The owner of the Brent Cross shopping centre in London said rentals were hurt by an increase in store closures across Britain and Ireland.

$1 = 0.8087 pounds Reporting by Samantha Machado in Bengaluru Editing by Saumyadeb Chakrabarty

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