Announced
Financials
Sources
Tags
retail stores
Private
Real Estate Holding and Development
Private Equity
Real Estate
Pending
Acquisition
Majority
Friendly
United Kingdom
Single Bidder
Cross Border
Synopsis
Brookfield, an alternative asset management company, agreed to acquire seven retail parks from Hammerson, a United Kingdom-based real estate investment trust, for $460m. “As highlighted at the full year results, our immediate priority is to strengthen the balance sheet. This latest disposal is a positive step. Alongside this, we continue to focus on delivering operationally. We have successfully welcomed back our customers in England to our flagship venues, with footfall levels well above the June 2020 reopening, and look forward to reopening our other destinations as local restrictions allow over the coming months," Rita-Rose Gagné, Hammerson CEO.
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