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    <title>Hammerson Plc — News on 6ix</title>
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      <title>CPP Investments Sells Stakes in Birmingham Joint Ventures to Hammerson</title>
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      <pubDate>Thu, 31 Jul 2025 06:24:00 GMT</pubDate>
      <description>Canada Pension Plan Investment Board (CPP Investments) today announced that it has reached a definitive agreement to sell its 50 per cent stakes in its Birmingham, UK Joint Ventures, the Bullring and Grand Central Shopping Centres, to its long-standing joint venture partner Hammerson Plc for £319 million. The Bullring forms the majority of the transaction and was sold at book value at a net initial yield of 6.4 % and a topped up net initial yield of 7.1%. Net proceeds for CPP Investments in tota</description>
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