Announced

Completed

Hammerson completed the remaining 50% stake in The Oracle from ADIA for £104.5m.

Synopsis

Hammerson, an owner and manager of prime retail and leisure anchored city destinations, completed the remaining 50% stake in The Oracle, a retail, leisure and lifestyle destination, from Abu Dhabi Investment Authority, a sovereign wealth fund, for £104.5m. "We have seized the opportunity to gain full control of The Oracle, an asset in transition, to capture the growth opportunities ahead. This represents our fourth JV buyout in a little over a year, as we continue to act decisively and execute our growth strategy at pace," Rita-Rose Gagné, Hammerson CEO.

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MergerLinks - Hammerson completed the remaining 50% stake in The Oracle from ADIA for £104.5m.