|Link to Property Week (requires registration after first use)|
"Hammerson chief executive officer David Atkins today said that much of the money raised from the sale of its London portfolio will be invested in France.
"The company announced two weeks ago that it would be selling its London portfolio in order to focus the business on retail."
"David Atkins, Chief Executive Officer, sold 14,831 shares in the company on the 2nd March 2012 at a price of 403.80p. The Director now holds 172,731 shares."
VPO Press Release:
"Lawrence Hutchings, Hammerson managing director UK retail, outlined the company’s vision for Croydon, at a summit aimed at attracting investment at the prestigious MIPIM event in Cannes, France.
"He re-iterated Hammerson’s hopes of uniting Croydon’s shopping core by adding Whitgift Shopping Centre to its portfolio, in the face of a public declaration of interest from Westfield.
“We are very excited about the opportunity that exists in Croydon. We identified about two-and-a-half years ago that Croydon could become a southern point in London’s retail compass." [Good grief.]
["QUIET, YOU LOT!" An unsuccessful video, perhaps.]
"THE OWNERS of Croydon’s 1.2m square foot Whitgift shopping mall will next week announce their preferred bidder for the hotly contested redevelopment of the centre.
"Westfield, Grosvenor, Lend Lease and Hammerson are all vying for control of the mall, which is being revived as part of Croydon’s wider regeneration scheme."