UK owner of Dundrum centre to list on Irish Stock Exchange

• Author: Colin Gleeson
• Published date: 19 December 2020
• Date: 19 December 2020

Along with Dundrum, the property giant owns stakes in the Swords Pavilions and Ilac shopping centres in Dublin, where it also plans a major redevelopment of the area around Moore Street. The UK-based group has operations in several European countries.

In a statement yesterday, the group said it was seeking admission of its entire issued ordinary share capital to the secondary listing segment of the official list of the stock exchange, which trades as Euronext Dublin. It is also seeking to trading on the main market for listed securities.

"The company is seeking a secondary listing given the importance and scale of its investor base and operations in continental Europe and the Republic of Ireland," it said.

Goodbody analyst Colm Lauder said: "A secondary listing on Euronext Dublin will enable Hammerson to maintain an efficient holding structure across its portfolio and guarantee an EU equivalent trading venue for Hammerson's shares."

Hammerson owns and manages flagship destinations valued at £1.2 billion in France and £800 million in Ireland, in addition to significant City Quarters development opportunities in Dublin.

Alongside its directly managed portfolio, Hammerson also has exposure to value retail destinations outside of the UK...