Bullring owner trims portfolio with £258m disposal
The owner of Birmingham’s Bullring Shopping Centre has trimmed down its portfolio with the disposal of an asset in France in a deal worth £258m.
Hammerson has exchanged contracts for the sale of its 64.5% share of Place des Halles shopping centre in Strasbourg.
LaSalle Investment Management will purchase the centre from Hammerson and its co-owner, on behalf of funds under management. The deal is worth £258m, slightly above the June 30, 2017 book value.
Place des Halles was considered a prime regional shopping centre, tota... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
