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Bullring s empty retail space could be turned into hotels, offices and homes
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Westquay owner Hammerson plans other uses for empty shops after revealing loss
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Hammerson bosses to transform empty retail space into hotels, offices and homes
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Hammerson bosses to transform empty retail space into hotels, offices and homes
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Hammerson sells retail parks to Brookfield in £330m deal 21/04/2021, 2:14 pm
Commercial landlord Hammerson has sold its seven remaining retail parks to Canadian investor Brookfield for £330m (Jacob King/PA)
Commercial landlord Hammerson has sold its last remaining retail parks to a Canadian investor for £330 million.
The company said its Middlesbrough and Falkirk sites are among those being transferred to Brookfield.
The sale knocked 8% off the £357 million book value the seven retail parks had been given at the end of last year.
Today, we announce that we have exchanged unconditional contracts on the portfolio sale of our remaining retail park assets to Brookfield for £330m.