Hammerson has acquired full ownership of The Oracle in Reading in a £104.5 million deal.
The investor and developer has bought the remaining 50 per cent ownership of the shopping centre from its joint venture partner Abu Dhabi Investment Authority (ADIA).
So far this year 30 deals have been done at the high-performing centre including lease renewal for Apple and a new occupier Zara. In the same period, occupancy has risen from 93 per cent to 97 per cent.
Hammerson chief executive Rita-Rose Gagné said: “We have seized the opportunity to gain full control of The Oracle, an asset in transition, to capture the growth opportunities ahead. This represents our fourth JV buyout in a little over a year, as we continue to act decisively and execute our growth strategy at pace.
“Our recent investments at The Oracle have driven an uplift in footfall, sales and leasing with the recent openings of TK Maxx and Hollywood Bowl. We expect a further boost from the opening of flagship stores for Zara and Apple in early 2026. There is more to come.
“Combined with our continued strong performance and acquisition of The Oracle, we expect further growth in 2026 and 2027.”
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