Hammerson acquires remaining 50% of Bullring for £319m

Hammerson will acquire the remaining 50% interest in Bullring and Grand Central for £319m, financed by an equity placing of up to 10% of existing share capital and existing cash.

The company is suspending its £140m share buyback to fund the deal, which was priced at a 4% discount to June book value.

Hammerson upgraded its FY25 EPRA earnings guidance to around £102m and declared an interim dividend of 7.94 pence per share.