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Hammerson completes Brent Cross acquisition, reports strong year-to-date trading – Property Wheel
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Hammerson completes Brent Cross acquisition, reports strong year-to-date trading – Property Wheel
UK REIT Hammerson has completed the acquisition of Brent Cross Shopping Centre in London, having acquired 95% of the units in the abrdn UK Shopping Centre Trust which holds 59% of Brent Cross not already held by Hammerson for a net cash consideration of £186 million, representing a 16% discount to book value as at 31 December 2024 and a net initial yield of 8.6%. Combined with Hammerson’s existing managing stake, the REIT’s interest in Brent Cro…
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