Hammerson furthers development in Croydon with acquisition

Real estate investment trust (REIT) Hammerson is acquiring Royal London's 25 per cent interest in the 155 year head-lease of the Whitgift Centre, Croydon.

Real estate investment trust (REIT) Hammerson is acquiring Royal London's 25 per cent interest in the 155 year head-lease of the Whitgift Centre, Croydon.

The £65m purchase will offer "significant asset management and development potential" for the centre and will strengthen Hammerson's ownership interest in the area.

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