Shopping centre owner Hammerson, owner of Birmingham’s Bullring, has reported an annual loss and says it will sell off more assets as it tries to cut its debt burden.

The firm, which also owns the Bicester Village designer outlet and London’s Brent Cross centre, is targeting more than £500m of disposals for 2019.

The announcement came as it unveiled its 2018 results, showing a pre-tax loss of £266.7m.

In 2017, it made a £413m profit.

Contributing factors included a

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