Slaughter and May advised Hammerson plc on a placing of approximately 10% of its existing issued share capital to raise gross proceeds of approximately £190mn

The proceeds of the placing are being used to part fund the acquisition by Hammerson of a 50% interest in Manchester Arndale for a headline price of £218mn. 

The placing, which was announced on 30 July 2026, was conducted through an accelerated bookbuilding process for institutional investors, alongside a retail offer via RetailBook and a subscription by certain directors of Hammerson. Morgan Stanley and Peel Hunt acted as joint global co-ordinators and financial advisers in connection with the placing and joint corporate brokers. Investec acted as financial adviser, sole SA bookrunner and placing agent, and JSE sponsor.

Slaughter and May worked closely with Hammerson's General Counsel and Company Secretary, Alex Dunn and its Deputy Company Secretary, Richard Crowle.