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Hammerson completes £277m disposal of VIA Outlets

Posted On Sunday, 15 November 2020 09:04 Published by
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Hammerson plc (“Hammerson”) today announces that it has completed the sale of substantially all of its 50% interest in VIA Outlets to the APG Strategic Real Estate Pool, a mutual fund managed by APG Asset Management N.V., for €307 million (£277m) 1 .

The transaction is based on a gross asset value for Hammerson’s share of the VIA portfolio of €644 million and represents a net initial yield of 6.5% and an 18.3% discount to gross asset value as at 30 June 2020.

VIA Outlets's portfolio extends to 11 premium fashion outlets in Europe's NS

Hammerson create vibrant, continually evolving spaces, in and around thriving European cities, with a focus on flagship retail destinations and Premium Outlets. As of 30 June 2020, its portfolio of high quality venues had a value of £7.7 billion and included 21 flagship destinations in thriving cities, and investments in premium outlet villages through our partnership with Value Retail. 

Hammerson has its primary listing on the London Stock Exchange and a secondary inward listing on the Johannesburg Stock Exchange.

 

Last modified on Sunday, 15 November 2020 09:32
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