"A secretive property billionaire has amassed a significant stake in Hammerson, the FTSE 100 owner of shopping centres such as Brent Cross in London and Grand Central in Birmingham.
"John Whittaker, who developed the Trafford Centre near Manchester, has built a 4.6% stake in Hammerson through his private empire Peel Holdings. The holding is worth £213m at the current share price. A source close to Whittaker said he saw the listed property sector as 'cheap' given the drop in share prices since last year's EU vote, but his move is likely to fuel speculation over long-awaited consolidation in the industry.
"Whittaker owns 27% of Hammerson's nearest rival, Intu Properties, and serves as its deputy chairman."
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