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A Northern gem: Hammerson spends £136m on another Leeds development Tuesday, 11th September 2012
Photo credit: Victoria Quarter
Hammerson has made yet another investment in the Northern city, spending £136 million acquiring the Victoria Quarter in Leeds.
A luxury retail development running through the city centre, the Victoria Quarter is home to Harvey Nichols’ first branch outside of London, as well as ornate, listed arcades housing Louis Vuitton, Vivienne Westwood and Mulberry stores.
The deal is set to reinforce Hammerson’s presence in Leeds, complimenting the developer's proposals for the first phase of Eastgate Quarters, which is adjacent to the Victoria Quarter.
“Victoria Quarter is a retail landmark in Leeds, and our ownership of the scheme will help us to develop a comprehensive retail offer for Eastgate Quarters and expand the luxury and aspirational retail offer for the city,” said David Atkins, chief executive of Hammerson.