- Home
- News
- Sectors
- People
- Supply chain
‘UK’s economic underperformance matters for all in retail’- ‘How to recover cost inflation while continuing to offer value to customers’
- ‘Supermarkets aren’t to blame for product shortages, but it’s time to pause for thought’
- ‘From automation to home working, Sainsbury’s changes highlight forces shaping retail’
- Tech
- ‘Can you be sure that AI will capture who you are and what customers like about you?’
- Virtual try-on and fewer returns: How retailers are using AR to elevate the customer experience
- Ranking: Meet the 30 UK retailers forecast to dominate ecommerce
- As Ocado banks on international tech success, is this as good as it gets at home?
- Stores
- Store gallery: John Lewis pilots ‘shopping by senses’ and localisation in new-look branch
- Store gallery: Inside Heaven by Marc Jacobs’ first store outside LA
- Is Sephora’s first UK store in nearly two decades worth the wait?
- Exclusive: Dwindling retail space under pressure as new development hits 20-year low
- Events
- RW Live
- Prospect
Hammerson’s £400m retail park deal in doubt as buyer tries to pull out
Institutional landlord Hammerson has said the previously agreed £400m sale of its retail park portfolio is hanging by a thread, as the prospective buyer is looking to pull out of the deal.
In a statement to the City today, Hammerson said the Orion European real estate fund had indicated it “did not intend to complete” the £400m deal the two parties agreed on February 21 for seven of the landlord’s UK retail parks.
The landlord said it “remains ready and able to comply with its completion obligations” with regards to the agreed deal and said it is in discussion with Orion.
The deal was due to be completed today and if Orion does not proceed, Hammerson said it would “serve a notice to complete” no later than May 6.
Subscription content
Please sign in now if you have a subscription or are already registered with us.
Register for free to continue reading
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
- Two free article views per calendar month on Retail-Week.com
- Detailed analysis of current trends and events
- Exclusive newsletters
- In-depth reports, videos, interviews and much more
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.