Hammerson has gained approval from its shareholders for its emergency rights issue and sale of its 50% stake in VIA Outlets, to reduce its debts.
Net proceeds totalling some £794m from these transactions will be used to decrease its £3bn debt pile to £2.2bn.
The rights issue remains conditional on the admission of nil paid shares to become effective on 10 September, unless the landlord agrees another date. The disposal is subject to merger control approvals in Germany, Spain and Portugal.
