Overview

• Gagné, who took the helm in November 2020, announced on June 4 that she will step down in 2026 and remain in post for a 12-month transition period.
• Under her leadership, Hammerson cut net debt from £2.2 billion to below £800 million and reduced its loan-to-value ratio from nearly 50% to 30%.
• The board has launched a search for her successor as the company positions itself for its next phase of growth.
• Her disposals programme cut the mall portfolio from 21 flagship destinations and about 20 outlet centres to ten core urban sites.
• The group estimates it could build around 7,000 homes on land around retained malls and already has a flats project underway at Dublin’s Dundrum Town Centre.