Hammerson has agreed to acquire the remaining 50% stake in Manchester Arndale, taking full ownership of one of the UK's largest and most prominent shopping centres, in a deal that underscores the property giant's broader financial recovery. The transaction, disclosed alongside Hammerson's latest results, values the centre at approximately £700 million and sees the FTSE 250 landlord buy out its long-standing joint venture partner for a sum understood to be in the region of £350 million. Crucially, the deal has been financed largely through disposal proceeds and improved balance sheet capacity rather than fresh debt, a detail that speaks volumes about how far Hammerson has travelled since the depths of its post-pandemic writedowns.