Hammerson acquires 50% stake in Manchester Arndale shopping centre for £218m

Hammerson, the FTSE 250 property company, has purchased a 50% stake in the Manchester Arndale shopping centre for £218 million. This marks the firm's first major external acquisition in over a year, as it expands its UK retail real estate footprint. The Manchester Arndale is one of the UK's largest shopping centres, and the deal underscores Hammerson's confidence in the retail property sector, particularly in Manchester. The acquisition is seen as a strategic move to strengthen the company's presence in a key regional market.

First published Aug 4, 02:55 PM UTCUpdated Jul 30, 08:00 AM UTC1 reports · 1 sources

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Hammerson acquires 50% stake in Manchester Arndale shopping centre for £218m

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Hammerson acquires 50% stake in Manchester Arndale shopping centre for £218mCity AMWesternJul 30, 08:00 AM UTC

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