Hammerson increases stake in Bullring in £300m deal

RETAIL property group Hammerson has increased its stake in Birmingham’s Bullring shopping centre in a deal worth more than £300m.

The group has acquired an additional 16.7% stake in the facility, taking its ownership to 50%. The group said the deal underlined its commitment to prime retail destinations and to “generating income growth through investment in winning sectors of the retail property market”.

In a 50:50 Joint Venture with Canada Pension Plan Investment Board, Hammerson has acquire... For the full story register now for free or login below...