Finance

Hammerson to exit retail parks in £1.1bn sell-off as it attempts to woo investors

By 2018-07-24T07:18:00

David Atkins of Hammerson

Hammerson is to exit the retail park property business and cut the size of its board as part of a new strategy for the UK retail landlord.

Following a business review, the group has set a disposal target of £1.1bn by end of 2019. The group has already offloaded £300m of assets this year and set an increased overall 2018 target of £600m. The remaining £500m of sales will follow next year.

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