In total, 120,000 sq ft of space has now been repositioned
Search for successor begins ahead of 2026 departure
REIT is buying Aberdeen trust out of shopping centre joint venture
The GLA has signed off on reserved matters applications for redevelopment of Shoreditch site
£135m deal will be paid for with proceeds of Value Retail exit
Morgan Stanley to oversee two-year programme
REIT has issued new bond and tendered for others
The deal has attracted an order book of £2.6bn
Proposed plans include 16,000 sq ft of commercial space and up to 745 homes or 1,544 student rooms
REIT also makes offer for outstanding bonds
EDITOR’S COMMENT Surely Mark Allan et al have started to run a slide rule over Hammerson?
New debt comes from Rothesay, BNP Paribas and Deka