Hammerson plc is seeking a secondary listing given the importance and scale of its investor base and operations in continental Europe and the Republic of Ireland. The Company owns and manages flagships destinations valued as at 30 June 2020 at £1.2bn in France and £0.8bn in Ireland in addition to significant City Quarters development opportunities in Dublin.
Alongside its directly managed portfolio, Hammerson also has exposure to Value Retail destinations outside of the UK including La Valleé in Paris and La Roca in Barcelona.
Furthermore, around 27% of Hammerson’s share capital is held by investors based in the European Economic Area. A secondary listing on Euronext Dublin will enable the Company to maintain an efficient holding structure across its portfolio and guarantee an EU equivalent trading venue for Hammerson’s shares.