The Hammerson-owned Ilac centre in Ireland. The company recently completed the acquisition of the remaining 50% interest in the Ilac not already owned by Hammerson..
Hammerson, which owns and manages prime city-centre shopping centres and leisure destinations, primarily across the UK, Ireland, and France, said on Wednesday it had sold £69m (about R1,5 billion) of non-core assets, including multiple holdings in central Dublin and a further non-core investment.
Together with the final Leeds disposal in January 2026, these transactions take total non-core divestment so far in 2026 to £75m, representing a substantial premium to book value, the UK-based, London, Dublin, and JSE-listed REIT said in a statement.
The central Dublin holdings were sold to Transport Infrastructure Ireland to unlock key infrastructure for the city’s planned Metrolink train system.
Hammerson said it has retained certain holdings in Dublin which provide strategic options across development, partnerships and future value realisation. The company recently completed the acquisition of the remaining 50% interest in the Ilac not already owned by Hammerson, taking full control of the landmark Dublin city centre destination
