Hammerson Acquires 50% Stake in Manchester Arndale Shopping Centre

Hammerson acquires 50% stake in Manchester Arndale shopping centre

The property giant called Manchester an "exceptional" city

Hammerson raises £190m to buy 50% stake in Manchester Arndale

The acquisition expands Hammerson’s footprint into the major UK city centre destination with an annual footfall of 45 million

Morning briefing: "Robust earnings" drive SAINTS forward

Hammerson (HMSO), the £2bn UK real estate investment trust, has launched a £190m share issue to fund the £218m acquisition of a 50% stake in the Manchester Arndale shopping centre. The company is buying from Palma Arndale BidCo, which represents the investor consortium that bought the holding when its previous owner Intu collapsed in 2020. HMSO lifted its earnings guidance by £7m to £132m to reflect the acquisition which it said would be immedia…

Hammerson Plans £190m Equity Raise Following Manchester Arndale Acquisition

Hammerson plc (LON:HMSO) has announced its intention to raise up to 10% of existing issued share capital (c. £190 million) in connection with the acquisition of a 50% interest in Manchester Arndale from Palma Arndale BidCo Limited, completed on 29 July 2026. The acquisition price of £218 million represents a topped-up NIY of 7.8%. The Equity Issue will comprise the issue of new ordinary shares of 5 pence each in the capital of the Company throug…