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HMSNF - Intu's Gone And Now To Worry About Hammerson
Hammerson Plc Ord
Retail property
The U.K. - at least - retail property market has taken a harsh hammering from the internet. Some 20% and rising of retail sales now take place online. That does rather mean that we're oversupplied by - ooh, say - about 20% in retail property of the bricks and mortar kind. And that is about what the vacancy rate is too.
The people who will really suffer from this are those who own those retail properties. The retailers themselves can at least try to move online. But if what you really own is