Hammerson Boss Mad for Manchester as Firm Snaps up Arndale Shopping Centre

Chris Morgan: Manchester owns a $50-million opportunity

Every year, Manchester finds itself having the same conversation.

Hammerson acquires 50% stake in Manchester Arndale shopping centre

The property giant called Manchester an "exceptional" city

Hammerson boss mad for Manchester as firm snaps up Arndale shopping centre

Hammerson has snapped up a stake in one of the UK’s biggest shopping centres as the retail real estate firm expands its UK footprint. The FTSE 250 property company has paid £218m to acquire a 50 per cent stake in the Manchester Arndale shopping centre, marking the company’s first major external acquisition in over a decade. In a statement, Hammerson chief executive Rob Wilkinson showered praise on the city of Manchester, adding himself to a grow…

Hammerson snaps up £218m stake in Manchester Arndale

Hammerson has acquired a 50 per cent stake in Manchester Arndale for £218m as the shopping centre owner expands its portfolio with its first major external acquisition in more than a decade. The deal, which completed on 29 July, values the entire shopping centre at around £436m and represents a topped-up net initial yield of 7.8 per cent. Hammerson said the acquisition would increase its scale and extend its geographic footprint into one of the …

Hammerson buys 50% Arndale stake for £190m – Northern Financial Review

Hammerson, the £2 billion UK real estate investment trust, has launched a £188 million share issue to fund the £218 million acquisition of a 50% stake in the Manchester Arndale shopping centre. Hammerson is buying from Palma Arndale BidCo, which represents the investor consortium that bought the holding when its previous owner Intu collapsed in 2020. “As we have completed five joint venture buyouts in the UK and Ireland since November 2024, our …

Hammerson acquires £218m Manchester Arndale stake as it eyes more external acquisitions

Hammerson has purchased a 50% stake in Manchester's Arndale shopping centre for £218m as the firm pivots towards external acquisitions in a bid to scale the business.