Sharenet Sites 
Sharenet Sites
Disposal of Battery Retail Park, Birmingham
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 of Battery Retail Park, Birmingham
Hammerson plc (“Hammerson”) has exchanged contracts for the sale of Battery Retail Park,
Birmingham, to NFU Mutual for £57.5 million. The retail park, covering a total of 12,600m2, is
located in Selly Oak, south west of Birmingham city centre.
Battery Retail Park has benefitted from a proactive asset management strategy which reconfigured
the park and implemented a more diverse tenant mix. The tenant line-up now caters to both
homeware and fashion demand with brands including Next, TK Maxx, Homebase, Sports Direct
and Halfords.
The sale price represents a net initial yield of 6% and is in line with December 2016 book value.
David Atkins, CEO Hammerson, commented: “We have successfully reconfigured Battery Retail
Park and improved the retail mix. There continues to be good investor demand for relevant retail
destinations with solid brands and modern retailer units. This transaction is in line with our ongoing
disposal strategy which saw the business achieve more than £400m of disposals in 2017, and
provides the opportunity to invest in our development and premium outlet sectors.”
For further information:
David Atkins, CEO
020 7887 1000
Rebecca Patton, Head of Investor Relations
020 7887 1109
Note: the announcement above has also been released on the SENS system of the Johannesburg
Stock Exchange. 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
1 February 2018
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 £10.5 billion and includes 23 prime
shopping centres, 17 convenient retail parks and investments in 20 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.
Date: 01/02/2018 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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