Hammerson is set to unveil a more aggressive asset sell-off plan this week after activist investor Elliott Advisors increased its stake in the shopping centre owner.
Last year, chief executive David Atkins (pictured) pledged to sell Hammerson’s retail parks and raise £1.1bn to cut debt. It is understood that Atkins will put more assets on the block at tomorrow’s full-year results.
Elliott is breathing down Atkins’s neck. The US hedge fund is said to be pushing the board to reshape its portfolio fundamentally.
