Hammerson has begun trading on the Johannesburg Stock Exchange.
The shopping centre developer opened this morning on the JSE with a market capitalisation of ZAR89bn (£4.6bn) and a share price of 11,211 cents.
David Atkins, chief executive of Hammerson chief executive David Atkins said: “This is an important event for Hammerson as our shares are admitted to the JSE and we further broaden our global investor reach and deepen the liquidity for all shareholders.
“Our business is in great shape and this listing will allow a wider pool of investors to participate in the company’s future returns.
“We look forward to building long-term relationships with existing and South African investors.”
Hammerson announced its decision to list on the South African stock exchange in July when it released its half-year results showing rises in NAV and rental income along with revaluation gains in its French assets.
• From July: Hammerson NAV up, seeks South African listing
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