THE RETAIL BULLETIN - The home of retail news
HOME
VIRTUAL EVENTS
Department Stores
Electricals
Entertainment
Fashion
Food & Drink
General Merchandise
Health & Beauty
Home & DIY
Interviews
Newsletter
Property
Shopping Centres & Retail Parks
Sports & Leisure
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT
CONTACT
SUBSCRIBE FOR FREE
Hammerson sells St Oswald’s Retail Park

Shopping centre owner Hammerson has exchanged contracts on the sale of its St Oswald’s Retail Park in Gloucester. The company has sold the 20,900 square metre… View Article

SHOPPING CENTRES & RETAIL PARKS

Hammerson sells St Oswald’s Retail Park

Shopping centre owner Hammerson has exchanged contracts on the sale of its St Oswald’s Retail Park in Gloucester.

The company has sold the 20,900 square metre scheme to a local authority for £54 million.

Situated to  the north of Gloucester city centre, the retail park’s flagship tenants include the likes of Homesense, B&Q and Wren Kitchens.

Hammerson originally developed the site in 2005 and has since increased its number of units and improved the brand mix.

David Atkins, Hammerson chief executive, said: Despite a challenging investment market, we are successfully executing disposals in line with our priority to reduce debt and strengthen our balance sheet. These transactions also give us the flexibility to capitalise on the opportunities we see in the market, particularly with regards to our City Quarters pipeline, which is core to the future direction and success of our business.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News