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April 20 (Reuters) -
HAMMERSON IN TALKS WITH UNIBAIL ABOUT DEVELOPMENT STAKE SALE - SKY NEWS
HAMMERSON IS IN TALKS WITH UNIBAIL-RODAMCO-WESTFIELD ABOUT SALE OF ITS STAKE IN CROYDON PROJECT - SKY NEWS
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bit.ly/41qi0XI Further company coverage: [HMSO.L]
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April 20 (Reuters) - British shopping centre owner Hammerson Plc is in talks with France's Unibail-Rodamco-Westfield to sell its stake in a joint venture between the two companies, Sky news reported on Thursday.
Hammerson declined to comment. Unibail did not immediately respond to a Reuters request for comment
(Reporting by Prerna Bedi in Bengaluru; Editing by Anil D'Silva)
((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))
Keywords: HAMMERSON UNIBAIL ROD WEST/ (URGENT)
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April 20 (Reuters) - British shopping centre owner Hammerson Plc is in talks with European peer Unibail-Rodamco-Westfield (URW) to exit their Croydon joint venture, Sky news reported on Thursday.
Hammerson is under pressure from its largest shareholder, Lighthouse, which recently said it did not have confidence in the present board and recommended two new appointments.
Both, Hammerson and URW declined to comment on the report.
Hammerson entered into a 50-50 partnership in 2013 to redevelop the Croydon shopping centre with Westfield, now part of URW, which is Europe's biggest property owner.
($1 = 0.8034 pounds)
(Reporting by Prerna Bedi in Bengaluru; Editing by Anil D'Silva)
((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))
Keywords: HAMMERSON UNIBAIL ROD WEST/ (UPDATE 1)