Shares in Hammerson sunk to their lowest value ever today, after the shopping centre owner confirmed that a £400m sale of a retail park portfolio has fallen apart.
The company said Orion European Real Estate Fund V had walked away from a deal to acquire the assets. The REIT’s shares dropped to as low as 50.74p during trading and ended the session down 14.3% at 51.22p.
Hammerson’s fall was the sharpest drop of any company in the FTSE All-Share index today, although other big REITs were trading down, including British Land, Landsec and SEGRO.
The FTSE 100 ended the day nudging up 0.07% at 5,853, while the FTSE 250 was down 0.69% at 15,982.
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