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Hammerson PLC Announces Acquisition Of 25% Stake In Whitgift Centre, Croydon
Hammerson PLC announced that it has exchanged conditional contracts to acquire Royal London's interest in the 155 year headlease of the Whitgift Centre, Croydon. The consideration for the 25% stake is GBP65 million. The Whitgift Centre compromises approximately 600,000 ft² retail space and 400,000 ft² offices (including Centre Tower). The 25% acquired stake generates gross annual income of GBP3.3 million, and net income of GBP2.2 million, reflecting vacancy and associated costs.
Latest Developments for Hammerson PLC
- Canada Pension Plan Investment Board Acquires Stake In Bullring Shopping Centre, Birmingham From Hammerson PLC
- Hammerson Plc And Westfield Group Sign Joint Venture For GBP1 Billion Croydon Town Centre Regeneration
- Hammerson PLC Announces Retirement of John Nelson as Chairman
- Hammerson PLC Acquires The Junction Unit Trust
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