Hammerson has proposed an office and residential regeneration for Birmingham’s Martineau Galleries
The joint venture partners propose to increase the number of homes in the scheme by 250
Hammerson has drawn up a relationship agreement with New York hedge fund Elliott Advisors
The REIT has created a new investment and disposal committee to oversee a £900m disposal programme
COMMENT: Alan Carter, managing director and analyst at Stifel, on intu’s latest full-year results
Carole Welch, Odeon Cinemas group managing director for UK and Ireland, hired as non-exec director.
Share buyback programme on hold ahead of full-year trading update in February.
The sale price represents a 5% discount to the asset’s book value in December 2017
The deal forms part of Hammerson’s plan to exit retail parks
Firm has sold 50% stake in its Highcross shopping centre in Leicester to Japan’s Norinchukin Bank
The shopping centre owner’s share price rose by 26%