Hammerson to take over Brent Cross in £200m deal

(Sharecast News) - Hammerson confirmed on Monday that it was set to take full control of Brent Cross shopping centre. Responding to recent press speculation, the company said it was in the process of buying the 59% of Brent Cross it does not already own from Aberdeen for around £200m.

Hammerson said that its existing managing stake, together with the units being bought from Aberdeen, represent an economic interest of more than 90% in Brent Cross.

"The process is ongoing and a further update will follow in due course," Hammerson said.

Shares in the company were up 0.6% at 256.60p at 1255 BST.