Hammerson to buy shopping centre in Leeds

Real estate investment trust (REIT) Hammerson said that it is to acquire The Victoria Quarter in Leeds as it reinforces its presence both in the city and the fast-growing luxury retail sector.

Real estate investment trust (REIT) Hammerson said that it is to acquire The Victoria Quarter in Leeds as it reinforces its presence both in the city and the fast-growing luxury retail sector.

Hammerson has exchanged contracts to buy the shopping centre from Kennedy Wilson for £136m. The company said that the purchase complements its proposals for the first phase of Eastgate Quarters, which his adjacent.

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