Sale of £69m of non-core assets to buy 50% of Ilac

Hammerson PLC

08 July 2026

 

8 July 2026

Hammerson plc ('Hammerson' or the 'Company')

Hammerson sells £69m of non-core assets, recycles capital to buy 50% of Ilac

Hammerson announces the sale of £69m of non-core assets, including multiple holdings in central Dublin and a further non-core investment. Together with the final Leeds disposal in January 2026, these transactions take total non-core divestment so far in 2026 to £75m, representing a substantial premium to book value.

The central Dublin holdings were sold to Transport Infrastructure Ireland to unlock key infrastructure for the city's planned Metrolink train system. Hammerson has retained certain holdings in Dublin which provide strategic options across development, partnerships and future value realisation.

Proceeds continue to be deployed in line with Hammerson's capital allocation priorities, including balance sheet strength and recycling into existing assets and new opportunities at attractive yields. The Company recently completed the acquisition of the remaining 50% interest in the Ilac not already owned by Hammerson, taking full control of the landmark Dublin city centre destination.

Rob Wilkinson, CEO of Hammerson, commented: "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."

Ends

Enquiries

Hammerson Contacts

Josh Warren, Director of Group Performance and Investor Relations
T: [phone] E: [e-mail]

Tom Gough, Head of Communications
T: [phone] E: [e-mail]

MHP for Hammerson Media
Oliver Hughes, Ollie Hoare and Charles Hirst
T: [phone] E: [e-mail]

The announcement above has also been released on the SENS system of the Johannesburg Stock Exchange and on Euronext Dublin.

 

END