Hammerson made a £8bn offer for Intu Properties.

Hammerson, a major British property development and investment company, made a £8bn offer for Intu Properties, a British real estate investment trust. The offer represented a premium of approximately 27.6% to the Closing Price of 199 pence per Intu Share on 5 December 2017. David Atkins, Chief Executive of Hammerson, said: “This marks an exciting milestone in the history of Hammerson. Bringing together the high-quality portfolios of both companies establishes Hammerson as a larger, leading European retail REIT, enhances shareholder returns and supports opportunities for long-term growth. The acquisition creates a leading pan-European platform of desirable retail and leisure destinations which are better positioned to serve the needs of our retailers, excite our customers and support our partners and communities. I hold Intu’s high-quality centres in high regard and I look forward to working with a strengthened team to enhance the performance of our entire portfolio.”