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Disposal of non-core assets
Hammerson plc
(Incorporated in England and Wales)
(Company number 360632)
LSE and Euronext Dublin share code: HMSO JSE share code: HMN
ISIN: GB00BK7YQK64
(“Hammerson” or “the Company”)
Disposal of non-core assets
Hammerson today announces it has completed the disposal of non-core assets in
Leeds for a cash consideration of £120m to entities associated with Redical(1), by
means of a simultaneous exchange and completion.
The assets comprise the 19,400m2 Victoria Quarter shopping gallery, 37,600m2 Victoria
Gate shopping centre, and the inter-linking Wrays Buildings.
The price is in line with the 30 June 2021 book value, which represented a net initial
yield of 7.4%.
The proceeds will be used to reduce net debt.
Hammerson has its primary listing on the London Stock Exchange and secondary
inward listings on the Johannesburg Stock Exchange and Euronext Dublin.
Footnotes:
(1) SELETH 2 TRUSTEE (JERSEY) LIMITED, VICTORIA QUARTER SHOPPING CENTRE LIMITED, SELETH NEWCO 2 LIMITED, REDICAL HOLDINGS
AG
25 February 2022
Sponsor: Investec Bank Limited
Hammerson Investor Contact
Josh Warren, Hammerson, Director of Strategy & Investor Relations
T: +44 20 7887 1053 E: josh.warren@hammerson.com
Hammerson Media Contacts
Natalie Gunson, Director of Corporate Communications
T: +44 20 7887 4672 E: Natalie.Gunson@hammerson.com
FTI Consulting (for Hammerson)
John Waples
Tel: +44 20 3727 1000 E: john.waples@fticonsulting.com
Dido Laurimore
T: +44 20 3727 1000 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.
Date: 25-02-2022 01:32:00
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