Hammerson has completed the sale of £69m worth of non-core assets, including multiple holdings in central Dublin and a further non-core investment.
The Dublin holdings were sold to Transport Infrastructure Ireland to unlock key infrastructure for the city’s Metrolink train system.
Hammerson has retained certain holdings in Dublin that provide strategic options across development, partnerships and future value realisation, and the company also recently completed the acquisition of the remaining 50% interest in the Ilac, taking full control of the Dublin city centre destination.
Rob Wilkinson, CEO of Hammerson, said: “These transactions are further testament to our focus on driving value from development activity and non-core disposals while recycling capital into JV buyouts. In Ireland, it shows us committing to what we do best – investing in schemes that are exceptional hubs for brands and experiences that meet the needs of our customers, the community and Dublin at large.”
