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Published
Sep 1, 2016
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UK shopping centre owner Hammerson lists on JSE

Published
Sep 1, 2016

Hammerson, the FTSE 100 European retail property specialist, has made a secondary listing on the Johannesburg Stock Exchange (JSE), it announced on Thursday.


Hammerson


The company, owner of shopping centres including the Bullring and Grand Central, commenced trading on Thursday with 11,211 South African rand cents a share.

The market capitalisation of Hammerson stands at ZAR89 billion.

“This is an important event for Hammerson as our shares are admitted to the JSE and we further broaden our global investor reach and deepen the liquidity for all shareholders,” commented CEO David Atkins.

“Our business is in great shape and this listing will allow a wider pool of investors to participate in the company’s future returns. We look forward to building long-term relationships with existing and South African investors.”

Hammerson has  a £9 billion portfolio of high-quality retail and leisure destinations predominantly located in the UK, France and Ireland. The portfolio comprises over 41 vibrant shopping centres and retail parks as well as a platform of 15 premium outlets in the UK and around Europe.

The secondary listing was approved by the Financial Surveillance Department of the South African Reserve Bank and the JSE. 

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