Hammerson is aiming for a secondary listing on Euronext Dublin and to trade on its main securities market, as the UK’s Brexit negotiations near conclusion.
The firm said it was seeking the listing on the Irish Stock Exchange due to the importance and scale of its investor base and operations in continental Europe and Ireland.
It added that the listing would allow it to “maintain an efficient holding structure across its portfolio and guarantee an EU equivalent trading venue for Hammerson’s shares”.
Hammerson’s properties in France and Ireland were valued at £1.2bn and £800m respectively on 30 June. It also has exposure to value retail destinations, including La Valleé in Paris and La Roca in Barcelona.
Around 27% of its share capital was also held by investors in the European Economic Area on 23 November, the firm said.
The admission to Euronext Dublin is expected to become effective on 23 December.
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