Business
Completion of VIA Disposal
Completion of VIA Disposal.
About this update from Hammerson Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8532D\n Hammerson PLC\n 02 November 2020\n \n \n \n \n \n \n \n Hammerson plc\n \n \n 2 November 2020\n \n \n Hammerson completes £277m disposal of VIA Outlets\n \n \n \n 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)\n [1]\n .\n \n \n 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.\n \n \n \n \n \n The announcement above has also been released on the SENS system of the Johannesburg Stock Exchange.\n \n \n \n \n \n ENDS\n \n \n Investor Contact\n \n \n Josh Warren, Hammerson, Head of Investor Relations\n \n \n Tel: +44 20 7887 1053\n \n \n \n [email protected]\n \n \n \n \n \n \n \n Press Contacts\n \n \n Hammerson\n \n \n Catrin Sharp, Head of Corporate Communications\n \n \n Tel: +44 20 7887 1063\n \n \n \n [email protected]\n \n \n \n \n \n \n FTI Consulting (for Hammerson)\n \n \n Dido Laurimore\n \n \n Tel: +44 20 3727 1000/ 0780 1654424\n \n \n \n [email protected]\n \n \n \n \n \n \n \n \n \n \n \n \n \n Notes to editors\n \n \n Hammerson\n \n \n 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, our 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. Key retail venues include Bullring & Grand Central, Birmingham, Bicester Village, Oxfordshire, Dundrum Town Centre, Dublin, and Les Terrasses du Port, Marseille. \n \n \n \n[1] Subject to retaining a 7.3% stake in VIA Zweibrücken \n \n This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use ...