Hammerson Agrees to Buy U.K. Retail Assets From Kuwait, FT Says

Hammerson Plc, a real-estate investment trust, has agreed to buy several U.K. shopping centers and retail parks from St Martins Property Corp., which is owned by Kuwait, the Financial Times reported.

The price is likely to be 250 million to 270 million pounds ($390 million to $422 million), the newspaper said.

To contact the reporter on this story: Alan Purkiss in London on apurkiss@bloomberg.net.

To contact the editor responsible for this story: Colin Keatinge in London at ckeatinge@bloomberg.net.

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