Hammerson bets on Dublin with £1bn plot

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SHOPPING centre giant Hammerson took a £1 billion punt on Ireland today, snapping up the nation’s biggest retail destination as a Brexit vote overshadows prospects at home.

The company — part owner of Brent Cross and Croydon’s Centrale — has bought a portfolio of assets including the Dundrum shopping centre in southern Dublin, in a joint venture with Germany’s Allianz Real Estate. 

Hammerson boss David Atkins said: “Against the current backdrop of UK market volatility and political uncertainty, the Irish economy continues to hold a number of competitive advantages as a European hub for business.”

The move comes as UK consumer confidence fell at its fastest rate for 21 years after the referendum, market research firm GfK said.

Source Article from http://www.standard.co.uk/business/hammerson-bets-on-dublin-with-1bn-plot-a3291481.html

July 8, 2016 |
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