Hammerson snaps up £218m stake in Manchester Arndale
Culture Index
Score Breakdown
Relevance
9/25
Freshness
25/25
Authority
18/20
Brand Signal
4/15
Depth
5/15
5-Axis Cultural Radar
Hammerson has acquired a 50 per cent stake in Manchester Arndale for £218m as the shopping centre owner expands its portfolio with its first major external acquisition in more than a decade. The deal, which completed on 29 July, values the entire shopping centre at around £436m and represents a topped-up net initial yield of...
