HAMMERSON PLC - Hammerson acquires remaining 50% stake in Westquay

Hammerson acquires remaining 50% stake in Westquay

Hammerson plc
(Incorporated in England and Wales)
(Company number 360632)
LSE and Euronext Dublin share code: HMSO       JSE share code: HMN
ISIN: GB00BRJQ8J25
("Hammerson" or the "Company")

Hammerson acquires remaining 50% stake in Westquay

7 November 2024

Hammerson today announces the completion of the acquisition of the remaining 50% stake in
Westquay for £135m (the "Transaction"). This gives the Company a 100% interest in a leading retail
and leisure destination situated in the heart of the South Coast, which is A rated by Green Street.

The consideration will be funded by the proceeds received from Hammerson's recent disposal of its
stake in Value Retail.

Rita-Rose Gagné, CEO of Hammerson, commented:

"This transaction is in line with our stated strategy. Combined with our recently enhanced funding
position and disciplined approach to capital allocation, we are well placed to deliver growth and
value creation".


ENDS


Hammerson Investor Contact
Josh Warren, Hammerson, Director of Strategy, Commercial Finance & Investor Relations
T: +44 20 7887 1053 E: josh.warren@hammerson.com

MHP for Hammerson
Oliver Hughes, Ollie Hoare and Charles Hirst
T: +44 (0)20 3128 8100 E: Hammerson@mhpgroup.com

About Westquay

Westquay is located in a broad, affluent and growing catchment area by both population and
employment. With 94,400m2 of internal lettable area, Westquay attracts over 17m visitors a year.

As at 31 August, Westquay was occupied by a diverse mix of global and national brands, including
Apple, M&S, Pandora and Hugo Boss. Westquay continues to benefit from ongoing investment in the
mix of brands and uses at the destination as well as greater activation of its unique public realm.

Hammerson has its primary listing on the London Stock Exchange and secondary inward listings on the
Johannesburg Stock Exchange and Euronext Dublin.

Sponsor: Investec Bank Limited

Date: 07-11-2024 09:00:00
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