Dundrum shopping owner Hammerson slumps to €1.9bn loss on Covid hits to flagship outlets

It also owns half of the Pavilions in Swords and has a significant minority stake in the Kildare Village complex

The 2020 financial statement shows that the valuation of its "Ireland flagships", such as Dundrum, fell at the end of December to £757m from £860m a year earlier. File Photo: Colin Keegan

Hammerson, the retail landlord that owns significant parts of shopping space in Ireland, posted a loss of £1.7bn (€1.9bn) for 2020, reflecting the huge write-downs on the valuations of its properties taken across its British, French and Irish centres from the Covid-19 crisis.  

The retail landlord owner is best known in Ireland for Dundrum Town Centre, Ireland’s largest mall, which it co-owns with Allianz, as well as for its co-ownership of the Ilac in Dublin city centre with Irish Life, and as a controller of the nearby 1916 battlefield site.