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Cleveland Retail Park sold as part of massive £330m property deal
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Hammerson sells retail parks to Brookfield in £330m deal
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Brookfield Agrees To Buy Hammerson Malls In Europe
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The company confirmed it was in discussions to sell seven properties to Brookfield for $479 million. Bloomberg | Apr 12, 2021
(Bloomberg) European mall landlord Hammerson Plc is in talks to sell its retail parks to Brookfield Asset Management Inc.
The company confirmed the discussions in response to a Sunday Times report that it had agreed to sell seven properties to Brookfield for 350 million pounds ($479 million). There was no certainty that a sale would take place or about its terms, Hammerson said in a statement Monday.
“The company continues to make asset disposals in liquid markets to further strengthen the balance sheet, with gross proceeds of 73 million pounds achieved to date in 2021,” the firm said in the statement.
Top UK Stocks to Watch: Burberry ups expectations as sales rebound
Joshua Warner March 12, 2021 8:58 AM
Burberry sales return to growth, JD Sports buys MIG to expand in Europe, Bodycote maintains its track record for dividend growth, Hammerson reports record falls in rental income and property values, and Berkeley Group stays on track to meet expectations. Share:
Top News: Burberry to beat expectations as trading improves
Luxury fashion brand Burberry said it expects to beat expectations in the current financial year to March 27 after experiencing a strong rebound in sales.
Burberry said sales had performed well since December and that it now expects both revenue and adjusted operating profit to be ahead of expectations.