Sharenet Sites 
Sharenet Sites
Disposal of Westmorland Retail Park, Cramlington
Hammerson plc
(Incorporated in England and Wales)
(Company number 360632)
LSE share code: HMSO JSE share code: HMN
ISIN: GB0004065016
(“Hammerson” or “the Company”)
7 November 2016
Disposal of Westmorland Retail Park, Cramlington
Hammerson plc ("Hammerson") has exchanged contracts for the sale of Westmorland Retail
Park, Cramlington in Northumberland to Arch Commercial Enterprise Ltd ("Arch") for £36 million.
Arch also acquired the adjacent Manor Walks Shopping Centre in July 2016 from Hammerson.
The two schemes form the core retail offer for Cramlington town centre and ownership of both
enables Arch to effectively manage the complementary retail offers.
Hammerson acquired the asset in 2006 and has refurbished and extended the scheme to create
a refreshed retail terrace, attracting a number of new high-street brands including Currys PC
World, TK Maxx, Costa and M&S Food.
The sale price for Westmorland represents a net initial yield of 5.8%, and is moderately below
book value as at 30 June 2016.
Additional recent smaller transactions take the total proceeds received to £43 million.
David Atkins, CEO Hammerson, commented: “It is encouraging to see continued interest in well-
positioned retail park assets at supportive pricing levels. Arch is a natural owner of the asset
having already invested in the adjacent shopping centre, and our strategy of introducing high
street brands to this asset has created a strong offering for the local catchment.”
For further information:
David Atkins, CEO
020 7887 1000
Rebecca Patton, Head of Investor Relations
020 7887 1109
Hammerson has its primary listing on the London Stock Exchange and a secondary inward listing on
the Johannesburg Stock Exchange.
Joint Sponsors:
Deutsche Securities (SA) Proprietary Limited
Java Capital
Notes to Editors
Hammerson is a FTSE 100 owner, manager and developer of retail destinations in Europe. Our
portfolio of high-quality retail property has a value of around £9 billion and includes 22 prime
shopping centres, 18 convenient retail parks and investments in 15 premium outlet villages,
through our partnership with Value Retail and the VIA Outlets joint venture. Key investments
include Bullring, Birmingham, Bicester Village, Dundrum Town Centre, Dublin and Les Terrasses
du Port, Marseille.
Date: 07/11/2016 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
