Hammerson plc (“Hammerson”) has exchanged contracts for the sale of a 50% stake in Highcross shopping centre in Leicester for £236m. This represents a 5% discount to December 2017 book value allowing for capex associated with the proactive reconfiguration of the former House of Fraser store.

Jo Malone has become the latest leading international brand to join the stylishly compelling retail, restaurant and leisure mix at Melrose Arch.