Hammerson Plc announced that the value of its properties climbed as REIT's rental income soared. The company's adjusted net assets value increased by 551 pence or 848 cents as of June 30 comparing to the previous 542 pence value six months ago. The adjusted earnings per share climbed to 8.8% equivalent to 11.1 pence.

"While household budgets in the U.K. and France remain under pressure, there are encouraging signs of improvement in macroeconomic conditions in the U.K.," Chief Executive Officer David Atkins said in the statement. "Hammerson's management of its shopping malls allows us to maintain high occupancy, secure new tenants on attractive terms and consistently grow rental income."

Hammerson announced that they are spending more on their leisure stores and luxury-outlet malls as they seek to increase the shareholder returns. The company said that the spending is necessary despite the sluggish economic growth in Europe. The developer said that they invested GBP78 million into Value Retail Plc, which is Europe's third-biggest outlet-mall owner by floor space. Hammerson said that they are developing a cinema, bingo stores and catering outlets in Glasgow, with plans to bring more restaurants in other malls.