Shopping centre owner Hammerson has sold two retail parks – Imperial Retail Park in Bristol and Fife Central Retail Park – to real estate investors Capreon for £164m.
Hammerson chief executive David Atkins said: “We continue to see opportunities to dispose of selected assets in order to better deploy capital on behalf of our shareholders. With £300m of sales achieved this year, we are already over half-way to reaching our planned disposal target for 2018. We look forward to providing a further update on disposals and capital deployment tomorrow when we report our half year results.”
Hammerson begins a £1.4bn redevelopment of Croydon town centre in 2019.