Boss of shopping centre owner Hammerson to step down after five years

By DAILY MAIL CITY & FINANCE REPORTER

Updated: 22:00 BST, 4 June 2025

The boss of Brent Cross and Bull Ring shopping centre owner Hammerson is leaving after five years. In a surprise update, the company said Rita-Rose Gagne will leave in 2026.

Chairman Robert Noel praised her ‘outstanding leadership and immense contribution’, saying she drove a substantial turnaround.

Gagne, 62, previously a senior partner at global law firm Fasken, said: ‘I have been privileged to work with our talented teams to transform our culture, balance sheet and portfolio.’

She added that now was the right time to ‘pass on the baton’ and retire from the firm.

Hammerson’s underlying earnings fell 15 per cent to £99million last year after it offloaded assets, including its stake in Value Retail, owner of Bicester Village near Oxford.

It booked a £497million impairment in the first half of 2024 due to the sale, despite banking £595million from the deal.

Shock exit: Rita-Rose Gagne (pictured) is to step down as boss of shopping centre-owner Hammerson in 2026

DIY INVESTING PLATFORMS

AJ Bell

AJ Bell

Easy investing and ready-made portfolios

Hargreaves Lansdown

Hargreaves Lansdown

Free fund dealing and investment ideas

interactive investor

interactive investor

Flat-fee investing from £4.99 per month

InvestEngine

InvestEngine

Account and trading fee-free ETF investing

Trading 212

Trading 212

Free share dealing and no account fee

Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.

Compare the best investing account for you

:
Boss of shopping centre owner Hammerson to step down after five years

***
Read more at DailyMail.co.uk