European shopping centre owner and the second-largest property company on the JSE, Hammerson, is selling billions in assets as it repositions its portfolio to maintain returns. The company announced on Monday that it would sell two retail parks in Britain for £164m. This transaction brought Hammerson’s total proceeds from disposals in 2018 so far to £300m, CEO David Atkins said in a statement. Atkins declined to provide further details about the disposals, saying the company would advise shareholders about its capital strategy during a financial results presentation on Tuesday for the six months to June 2017. 'Planned disposal target' "We continue to see opportunities to dispose of selected assets in order to better deploy capital on behalf of our shareholders. With £300m of sales achieved this year, we are already over halfway to reaching our planned disposal target for 2018," he said on Monday. "We look forward to providing a further update on disposals and capital deployment when...

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