Bullring owner offloads Birmingham site in £60m sale
Retail property investor Hammerson has offloaded one of its Birmingham sites in a deal worth almost £60m.
The company, which is an investor in the Bullring and Grand Central, has exchanged contracts for the sale of Battery Retail Park in Selly Oak to Midlands-based insurance giant NFU Mutual for £57.5m.
Hammerson said the deal was part of its ongoing disposal strategy and the proceeds would be invested in the group’s premium estate.
The retail park, which covers a total of 12,600m2, includes tenants such as Next, TK Maxx,... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
