Grand Central CMA Decision

RNS Number : 4889F

Hammerson PLC

28 July 2016

 

Hammerson plc

Miscellaneous - Grand Central CMA Decision

28 July 2016

Acquisition of Grand Central, Birmingham ("Acquisition")

UK Competition and Market Authority ("CMA")

Hammerson plc ("Hammerson") welcomes the announcement today by the CMA that it has unconditionally cleared the Acquisition of Grand Central, Birmingham.

Hammerson will now work with Canadian Pension Plan Investment Board ("CPPIB") to satisfy the remaining closing conditions to enable the completion of the 50:50 joint venture with CPPIB, announced on 12 February 2016.

For further information:

Rebecca Patton, Head of Investor Relations

E: [e-mail]

T: 020 7887 1109

Catrin Sharp, Head of Corporate Communications     

E: [e-mail]

T: 020 7887 1063

Notes to Editors

About Hammerson

Hammerson is a FTSE 100 owner, manager and developer of retail destinations in Europe. At 30^th June, our portfolio of high-quality retail property has a value of £9 billion and included 21 prime shopping centres, 19 convenient retail parks and investments in 15 premium outlet villages, through our partnership with Value Retail and the VIA Outlets joint venture. Key investments include Bullring, Birmingham, Bicester Village, Dundrum Town Centre and Les Terrasses du Port, Marseille. 

 

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