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.

Vukile Property Fund today confirmed that it has wrapped up the acquisition of a further two retail assets in Spain through its Spanish REIT subsidiary Castellana Properties Socimi.

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