Hammerson PLC (HMSO.L)
15 Dec 2017
Thu, Dec 7 2017
(The following statement was released by the rating agency) LONDON, December 07 (Fitch) Fitch Ratings has placed Hammerson PLC's Long-Term Issuer Default Rating (IDR) of 'BBB+' on Rating Watch Negative (RWN), along with the senior unsecured rating of 'A-'. This action, which indicates that the rating could stay at its present level or potentially downgraded, follows the recent announcement that the company will acquire UK-based real estate and investment company Intu Properties PLC. Under the te
British shopping centers owner Hammerson Plc has agreed to buy smaller rival Intu Properties for about 3.4 billion pounds ($4.56 billion) in a long-speculated deal to create a malls giant controlling 21 billion pounds of assets.
British shopping centres owner Hammerson Plc has agreed to buy smaller rival Intu Properties for about 3.4 billion pounds in a long-speculated deal to create a malls giant controlling 21 billion pounds of assets.
* Intu shares up about 18 pct, Hammerson down 1.7 pct (Adds analyst comment, background; updates shares)
* SALE OF ITS OWNERSHIP IN SAINT SÉBASTIEN SHOPPING CENTRE, NANCY, TO AEW CILOGER ON BEHALF OF SCPI LAFFITE PIERRE AND ACTIPIERRE EUROPE FOR A NET VENDOR PRICE OF EUR 162 MILLION (£143 MILLION)
Dec 6 Britain-based shopping centre landlord Hammerson said it agreed to buy Intu Properties in a deal valuing the smaller rival at about 3.4 billion pounds ($4.56 billion).
(The following statement was released by the rating agency) LONDON, November 30 (Fitch) Fitch Ratings has affirmed Hammerson Plc's (Hammerson) Long-Term Issuer Default Rating (IDR) at 'BBB+', Short-Term IDR at 'F2' and senior unsecured rating at 'A-'. The Outlook on the Long-Term IDR is Stable. Hammerson's prime portfolio of UK, French and Irish shopping centres demonstrate high occupancy ratios (around 98%) and stable rental income. The company's recent conversion of loan assets into prime Dubl
* CONTINUED POSITIVE MOMENTUM IN LEASING ACROSS GROUP IN Q3
* HAMMERSON PLC ANNOUNCES EXERCISE OF EARLY REDEMPTION OPTION IN RESPECT OF GBP 250,000,000 6.875% BONDS DUE 2020
* HAMMERSON AND ALLIANZ REAL ESTATE ARRANGE A SEVEN-YEAR LOAN SECURED ON DUNDRUM TOWN CENTRE
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