Response to Press Speculation

RNS Number : 2057C

Hammerson PLC

21 February 2022

 

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: [phone]  E: [e-mail]

Investor Contact

Josh Warren, Hammerson, Director of Strategy & Investor Relations

Tel: [phone]  E: [e-mail]  

Press Contacts

Natalie Gunson, Hammerson, Communications Director

Tel: [phone]  E: [e-mail]

FTI Consulting (for Hammerson)

John Waples

Tel: [phone]  E: [e-mail]  

Dido Laurimore

Tel: [phone]  E: [e-mail]

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.

 

END

 

 

SPCBKKBQFBKDKBB