Hammerson will ‘weather the current market uncertainties’ due to strong letting activity, the company said this morning.

In its first interim management statement the listed property company said it had made good progress on letting and completing its current developments, bringing in an extra £36m ‘over the next few years’.

It also said that three major retail schemes opening in September this year, Cabot Circus in Bristol, Highcross in Leicester and Parinor in Paris, were 83%, 73% and 85% let respectively.

All areas of business

'We have made good progress in all areas of our business this year,’ said chairman John Nelson. ‘We have a retail and office portfolio of the highest quality, both in the UK and France.

‘It provides the potential for further good income growth over the next three years, both from the existing investment assets and the current development projects as they are completed and let.

‘Hammerson is therefore in a good position to weather the current market uncertainties and take advantage of opportunities that may arise.’

The company has also arranged £750m of borrowing facilities since the end of 2007.