Hammerson: UK property market facing uncertainty after Brexit vote

Bengaluru

SHOPPING centre landlord Hammerson Plc said the impact of Britain's decision to leave the European Union (EU) on property valuations was still unknown, but the lettings and investment markets were facing a period of uncertainty.

The company, which partly owns the Brent Cross Shopping Centre in London, said its external valuers had said that the probability of their valuations exactly matching the price achieved if Hammerson sold its assets had reduced after the Brexit vote.