INVESTOR SITE VISIT

RNS Number : 2029C

Hammerson PLC

15 January 2015

 



Hammerson plc ("Hammerson")

INVESTOR SITE VISIT

15 January 2015

Hammerson is today hosting a trip for investors to the site of the Whitgift development scheme in Croydon, as part of the JPMorgan Global Real Estate conference.

A presentation will be given providing an update on the progress of the scheme, which is a 50:50 JV with Westfield Corporation (the "Croydon Partnership") and a tour of the existing Whitgift and Centrale shopping centres.

The Croydon Partnership's retail design team has been progressing its plans to transform the Whitgift Centre into a world class retail and leisure destination. The revised total development cost for the scheme is £1.25 - £1.5 billion, of which Hammerson's 50% share is £625 - £750 million. These latest plans form part of the continuing evolution of the scheme design to ensure the delivery of a scheme which meets the demands of retailers, complements Croydon's existing town centre, and brings maximum benefit to the community.

No statement on current trading will be made in the presentation which will form part of this visit. A copy of the presentation will be made available following the event on Hammerson's website: www.hammerson.com.

Hammerson will report 2014 full year results on the 16 February 2015.

For more information please contact:

Rebecca Patton, Head of Investor Relations

Tel: [phone]

[e-mail]

 

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