Sharenet Sites 
Sharenet Sites
Disposal of Westwood and Westwood Gateway Retail Parks, Thanet
Hammerson plc
(Incorporated in England and Wales)
(Company number 360632)
LSE share code: HMSO JSE share code: HMN
ISIN: GB0004065016
(“Hammerson” or “the Company”)
Disposal
26 May 2017
Disposal of Westwood and Westwood Gateway Retail Parks, Thanet
Hammerson plc (“Hammerson”) has exchanged contracts for the sale of Westwood and
Westwood Gateway Retail Parks, Thanet, to clients of BMO Real Estate Partners for £80 million,
having transformed the retail offer since acquisition and significantly increased rents.
The retail parks, covering a total of 24,900 m2, are located in Kent in the South East of England
and benefit from a strong line-up of homeware retailers including Homebase, Wren, Tapi, SCS
and Dunelm.
Hammerson acquired Westwood Retail Park in 2002 and since then has actively repositioned the
asset through extensions and tenant engineering. The adjacent Westwood Gateway site was
constructed in 2005 and a new retail terrace was added in 2009. A further extension of two units
was added in 2016. Since acquisition, over 15,000 m2 of new floor space has been added and
the rental income has increased by over 200%.
The sale price represents a net initial yield of 6.5% and is slightly below December 2016 book
value.
David Atkins, CEO Hammerson, commented: “We continue to actively manage our retail park
portfolio, realising proceeds to recycle into higher growth opportunities. We are progressing with
our planned disposal programme for the year and remain committed to reducing leverage ahead
of progressing with our development pipeline.”
For further information:
David Atkins, CEO
020 7887 1000
Rebecca Patton, Head of Investor Relations
020 7887 1109
Note: 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 £10 billion and includes 23 prime
shopping centres, 18 convenient retail parks and investments in 19 premium outlet villages,
through our partnership with Value Retail and the VIA Outlets joint venture. Key investments
include Bullring, Birmingham, Bicester Village, Oxfordshire, Dundrum Town Centre, Dublin and
Les Terrasses du Port, Marseille.
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