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Hammerson cuts value of Irish assets by almost €100m

 

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Changes: Dundrum Town Centre will see a greater residential element

Changes: Dundrum Town Centre will see a greater residential element

Changes: Dundrum Town Centre will see a greater residential element

Hammerson, the UK property group, has slashed almost €100m from the value of its flagship assets in Ireland, including its stake in Dundrum Town Centre, as it aims to raise net proceeds of £794m (€882m) from a share sale and asset disposal.

It said its flagship assets in Ireland were valued at £834m at the end of June, representing a 9.9pc decline in the capital return for the properties.


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