Last checked at 21 Feb 2022 07:00
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
21 February 2022
Response to press speculation
Hammerson plc (the "Company") notes recent press speculation.
Hammerson's strategy remains to realign the portfolio to focus on prime urban estates through disposals of non-core assets, to strengthen the balance sheet, and to re-cycle capital into its core portfolio and its development pipeline.
The Company confirms that it is in discussions with entities related to Redical Holdings AG on terms for a possible sale of its Victoria Gate and Victoria Quarter shopping centres.
There can be no certainty that a transaction will take place, but the Company confirms the pricing under discussion is £120m, which would represent a class 2 transaction. The Company will provide a further announcement if appropriate.
ENDS
This announcement has also been released on the SENS system of the Johannesburg Stock Exchange and on Euronext Dublin.
Company Secretariat responsible for RNS
Alice Darwall, Hammerson, General Counsel & Company Secretary
Tel: +44 207 887 4650 E: alice.darwall@hammerson.com
Investor Contact
Josh Warren, Hammerson, Director of Strategy & Investor Relations
Tel: +44 20 7887 1053 E: josh.warren@hammerson.com
Press Contacts
Natalie Gunson, Hammerson, Communications Director
Tel: +44 207 887 4672 E: Natalie.gunson@hammerson.com
FTI Consulting (for Hammerson)
John Waples
Tel: +44 20 3727 1000/ 07717 814 520 E: john.waples@fticonsulting.com
Dido LaurimoreTel: +44 20 3727 1305 / 07801 654 424 E: dido.laurimore@fticonsulting.com
Notes to Editors
Hammerson
Hammerson creates vibrant, continually evolving spaces, in and around thriving European cities, with a focus on prime urban estates and premium outlets. As at 30 June 2021, our portfolio of high-quality venues had a value of £5.5 billion and included 21 flagship destinations in thriving cities and investments in premium outlet villages through our partnership with Value Retail. Key venues include Bullring, Birmingham, Dundrum Town Centre, Dublin, and Les Terrasses du Port, Marseille, and investments in premium outlets at Bicester Village, Oxfordshire, La Vallée, Paris, and Las Rozas, Madrid.