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(Sharecast News) - Hammerson has sold 69m of noncore assets, including several central Dublin holdings and another noncore investment, taking its total disposals for 2026 to 75m after a final Leeds sale in January.
The Dublin sites were bought by Transport Infrastructure Ireland to support the city's planned Metrolink rail system. It has kept other holdings in the Irish capital which it says offer strategic options for development, partnerships and future value creation, alongside its recent move to take full ownership of the Ilac shopping centre.
Hammerson said the transactions were completed at a substantial premium to book value, with proceeds earmarked for balancesheet strengthening and reinvestment into existing assets and new opportunities.
Reporting by Frank Prenesti for Sharecast.com
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