HAMMERSON PLC - Hammerson sells 69m of non-core assets, recycles capital to buy 50% of Ilac

Hammerson sells £69m of non-core assets, recycles capital to buy 50% of Ilac

Hammerson plc
(Incorporated in England and Wales)
(Company number 360632)
LSE and Euronext Dublin share code: HMSO            JSE share code: HMN
ISIN: GB00BRJQ8J25
('Hammerson' or 'the Company')

8 July 2026

    Hammerson sells £69m of non-core assets, recycles capital to buy 50% of Ilac

Hammerson announces the sale of £69m of non-core assets, including multiple holdings in
central Dublin and a further non-core investment. Together with the final Leeds disposal in
January 2026, these transactions take total non-core divestment so far in 2026 to £75m,
representing a substantial premium to book value.

The central Dublin holdings were sold to Transport Infrastructure Ireland to unlock key
infrastructure for the city's planned Metrolink train system. Hammerson has retained certain
holdings in Dublin which provide strategic options across development, partnerships and
future value realisation.

Proceeds continue to be deployed in line with Hammerson's capital allocation priorities,
including balance sheet strength and recycling into existing assets and new opportunities at
attractive yields. The Company recently completed the acquisition of the remaining 50%
interest in the Ilac not already owned by Hammerson, taking full control of the landmark Dublin
city centre destination.

Rob Wilkinson, CEO of Hammerson, commented: "These transactions are further
testament to our focus on driving value from development activity and non-core disposals
while recycling capital into JV buyouts. In Ireland, it shows us committing to what we do best
– investing in schemes that are exceptional hubs for brands and experiences that meet the
needs of our customers, the community and Dublin at large."

Ends

Enquiries

Hammerson Contacts

Josh Warren, Director of Group Performance and Investor Relations
T: +44 (0) 20 7887 1053 E: josh.warren@hammerson.com

Tom Gough, Head of Communications
T: +44 (0) 20 7887 1092 E: tom.gough@hammerson.com

MHP for Hammerson Media
Oliver Hughes, Ollie Hoare and Charles Hirst
T: +44 (0) 7817 458 804 E: Hammerson@mhpgroup.com

Hammerson has its primary listing on the London Stock Exchange and secondary inward listings on
the Johannesburg Stock Exchange and Euronext Dublin.

Sponsor: Investec Bank Limited

Date: 08-07-2026 08:00:00
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