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Retail property management group Hammerson has revealed its intention to seek admission to Euronext Dublin and to trade on the main securities market of Euronext Dublin before Britain leaves the EU.
In a statement the company which owns London’s Brent Cross shopping centre said it is “seeking a secondary listing given the importance and scale of its investor base and operations in continental Europe and the Republic of Ireland”.
Hammerson owns and manages flagship destinations valued at £1.2bn in France and £800m in Ireland.
The company has said it “expects that admission will become effective and that unconditional dealings in the ordinary shares on the main market will commence at 8.00 a.m. on 23 December”.
It follows an announcement last month by the company that it had appointed Grégoire Peureux to the newly created role of chief operating officer.
Peureux, who has 17 years of experience in the real estate industry, will join the group executive committee and will focus on the “delivery of strategic initiatives” at a group level.
