HAMMERSON PLC - Proposed Equity Issue To Fund Acquisition of 50% Interest in Manchester Arndale

What this filing means

Hammerson buys half of Manchester Arndale for £218m at a 7.8% topped-up NIY, funding it mainly with a ~10% equity raise that is immediately earnings accretive and upgrades FY26 guidance. The combination of a material asset acquisition, disclosed deal terms, a day-one EPS accretion statement, and a simultaneous EPRA earnings guidance raise from £120m to £132m gives the market genuinely new information to work with — enough to lift the read above a mere confirmation of known momentum.