It was reported in various media outlets today that the British property investment firm that owns Dundrum Town Centre, Hammerson, saw an 8.8% rise in its rental income to £346.5m (€405m) in 2016.
 
According to RTE, for last year Hammerson reported rental income in Ireland of £14m (€16.4m), with £1.5m of this generated by its Dublin Central development site and the remainder from Dundrum, which it acquired in July 2016.

Across its Irish property assets, which had a 99.5% occupancy rate last year, the company secured annual rent uplifts of 8%.
 
Furthemore, income from car parks and sale of advertising generated £2.3m for Hammerson in Ireland in 2016,
 
Hammerson’s Irish portfolio also includes the Dublin Central development site and land adjoining the Swords Pavillion shopping centre. In December it acquired a 50% co-ownership of the Ilac Centre.
 
Source: www.businessworld.ie