Hammerson has acquired Ravenhead Retail Park in St. Helens, north-western UK, for £120.6 mln (EUR 177 mln) including costs. Hammerson is paying the private investors who own the retail park with 5 million new shares at £15.76 each and by assuming £36.6 mln in debt and other liabilities. The sale price also includes an option on land next to the retail park with planning consent for an additional 8,100 m[sup]2[/sup]. The park consists of 17 units covering 27,600 m[sup]2[/sup] of retail accommodation and generating an annual net rental income of £4.8 mln.
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