Hammerson confirms talks over possible sale of retail parks portfolio to Brookfield

Writer,

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Shopping centre owner Hammerson confirmed press rumours that it was in talks on terms of a possible sale of its retail parks portfolio to Brookfield.

There can be no certainty that a transaction would take place or the terms on which any transaction may occur, the company cautioned.

'As announced at its full year results, the company continues to make asset disposals in liquid markets to further strengthen the balance sheet, with gross proceeds of £73m achieved to date in 2021,' it added.