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Land Sec has increased its stake in Bluewater Retail Centre by 17%
Land Sec has majority control in Bluewater.
Sunny days ahead for Hammerson
There was slight excitement in the market today for this sector. I am not sure if the prospects are really much better, however, when the price rose to the dizzying heights of 28.5 I thought that when it fell back to 28 it might be worth topping up a bit. However, not really sure.
What exactly got to do with hammerson
Capital and Regional have extended the deadline for New River REIT to close the takeover to sometime in July.
However, C & R have opened talks with another business regards takeover of C & R.
Bright prospects for Hammerson after July 4th.
I've just been watching yeah
Something cooking
Hopefully value retail being sold
JGF
Good to see senior management at Hammerson trying to obtain best price for Value Retail.
It must be apparent that consumer confidence is returning to UK later part of 2024 plus.
After election oncoming govt. could bring back VAT refunds to Foreign tourists shopping in UK
Well, if Bicester is a prime income asset, better not to sell. Debt is not good but it can be handled by the look of it... Housing market should pick up fast as nobody in it is happy about it so efforts in that directions should start coming soon IMO
The share price could rise to about 30p if this sale does materialise. On the one hand, the company will become more solvent. On the other hand, it will lose a prime income producing asset.
The only reason why I consider it to be unlikely is that it has been talked about now for almost five years, with no definite proposal ever materialising. The sale of the interest in Bicester Village would be definitely to the advantage of the company - it would then be able to pay down most of its debt and trade much more safely and profitably. However, the property market is very depressed at the moment and there are far more sellers than buyers willing to invest in commercial property just at the moment.
Why don’t you say what you really mean. You want people to think it’s unlikely and there is more downside than up.
If this sale does ever materialise (it has been talked about for the last five years with nothing definite ever seeming to happen) then it could see the share price rocket - it might even hit 30p although that is rather on the optimistic side, I think. If the sale falls through, then the share price will probably settle back again to about 25p.
I calculated 8pence
Market valuing value act at about half the £1.2b
Surely we should be looking towards 50p on this sort of sale, given the debts it'll likely service/investments it might pay for, and could be a share buyback?
On sale confirmation it should give sp at least +8%
Hammerson is closing in on a £1.38bn deal to sell its interest in Value Retail to L Catterton. The prospective sale to the $34bn, LVMH-backed private equity firm will be a major boon to the shopping centre REIT and its chief executive Rita-Rose Gagné, with its stake in the outlets firm having been classified as non-core for several years.
I'm certainly not paying their sub fee of £6179 xD
What a joke of a sub price.
Can you share the news content? subs only.
Ah yes
https://reactnews.com/article/hammerson-closes-in-on-1-4bn-value-retail-sale/
Been watching it from this morning. It can't just be by the management investing surely.
1 million buy. Something happening.
I’ve been thinking of topping up. Trends are positive. I think their portfolio better now.
SP seems to be holding now.
It's just waiting on the interest rates to drop, or news on the village sale - if ever it comes.
Unibail Westfield is up 78% since Oct 23 . This while sector is getting rerated on the European bourses