Hammerson PLC

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Investec assisted Hammerson PLC in raising 10% of its existing issued share capital through an accelerated bookbuild, in connection with the acquisition of 50% of Bullring and Grand Central owned by its JV partner for a net cash consideration of £319 million allowing the company to take full control of this super prime real estate destination. Located in Birmingham, Bullring is one of the UK’s most highly regarded retail-anchored destinations, recognised by Green Street as one of only five A++ rated assets in the UK.

The deal structure

Hammerson PLC successfully raised 10% of its existing issued share capital through an institutional placing. The placing comprised of a non-pre-emptive placing of around 48.3 million new ordinary shares in the capital of the company and was conducted through an accelerated bookbuild. Morgan Stanley acted as Global Co-ordinator, Financial Adviser and Joint Bookrunner in connection with the Placing. Investec and Peel Hunt acted as Joint Bookrunners in connection with the Placing.

About Hammerson PLC

Hammerson is the largest UK-listed owner and manager of prime retail and leisure anchored city destinations in the UK, France and Ireland. The top ten flagship destinations all rank in the top 20 of all retail venues in their respective geographies and in the top 1% where retail spend is concentrated. The total property portfolio is valued at £3.0 billion as at 30 June 2025.