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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Hammerson to take over Brent Cross in £200m deal

(Sharecast News) - Hammerson confirmed on Monday that it was set to take full control of Brent Cross shopping centre. Responding to recent press speculation, the company said it was in the process of buying the 59% of Brent Cross it does not already own from Aberdeen for around £200m.

Hammerson said that its existing managing stake, together with the units being bought from Aberdeen, represent an economic interest of more than 90% in Brent Cross.

"The process is ongoing and a further update will follow in due course," Hammerson said.

Shares in the company were up 0.6% at 256.60p at 1255 BST.

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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