Hammerson plc R.E.I.T. (GB:HMSO) has released an update.
Hammerson plc has acquired the remaining 50% stake in Westquay for £135 million, securing full ownership of the prominent retail and leisure destination. This strategic purchase is funded by the proceeds from selling its share in Value Retail, aligning with Hammerson’s growth-oriented objectives. The acquisition bolsters the company’s potential for value creation and demonstrates its disciplined capital allocation strategy.
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