Hammerson completed the acquisition of the remaining 50% stake in Bullring and Grand Central from CPP Investments for £319m.

Hammerson, a British property development and investment company, completed the acquisition of the remaining 50% stake in Bullring and Grand Central, a city centre based shopping centre, from CPP Investments, an investment management organization, for £319m. “The Bullring has been a standout performer in our UK portfolio since our upsize in 2022, and we have worked closely with Hammerson to reposition the asset, increase occupancy and attract new anchor tenants. Today’s sale agreement allows CPP Investments to crystallise the strong performance of Bullring and realise value created, delivering significant returns for the CPP’s 22m contributors and beneficiaries. With Hammerson taking ownership, both assets are well-positioned for a promising next phase under their experienced guidance” Tom  Jackson, CPP  Investments Managing Director, Real Estate Europe.