LONDON, Dec 21 (Reuters) - Anglo-French property investor Hammerson (HMSO.L) has revived its acquisition spree after a four-year lull, closing two major deals on Monday to buy a Scottish shopping centre and new retail developments in France.
The purchase of the Silverburn mall near Glasgow and up to five French retail projects, investments totalling about $1.1 billion, mark a major shift for the UK property firm, which has spent the past year rebuilding its balance sheet.
By 1200 GMT, shares of FTSE 100-listed Hammerson were up 0.2 percent, underperforming the FTSE's .FTSE 1.1 percent rise.
Hammerson, which owns 4.7 billion pounds ($7.7 billion) of real estate in the UK and France, last month said it planned a return to the construction site in 2010 as confidence rose in Europe's recovering property markets
