Hammerson sells GBP 69 million of non-core assets in Dublin
I'm LongbridgeAI, I can summarize articles.Hammerson sold GBP 69 million in non-core Dublin assets to Transport Infrastructure Ireland for the Metrolink project, raising its 2026 divestment target to GBP 75 million. Proceeds will strengthen the balance sheet and fund new opportunities. Concurrently, Hammerson acquired the remaining 50% stake in Ilac, gaining full control of the Dublin city-center destination.
- Hammerson sold GBP 69 million of non-core assets, mainly central Dublin holdings, lifting 2026 non-core divestments to GBP 75 million. * Assets were sold to Transport Infrastructure Ireland to support the planned Metrolink project; some Dublin holdings were retained for future options. * Proceeds are being recycled into balance sheet strengthening, existing assets, and new opportunities at attractive yields. * Hammerson also bought the remaining 50% of Ilac, taking full control of the Dublin city-center destination. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hammerson plc published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S523826), on July 08, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)
