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Announced

Brookfield to acquire seven retail parks from Hammerson for $460m.

Financials

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Transaction Value£330m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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retail stores

Private

Real Estate Holding and Development

Private Equity

Real Estate

Pending

Acquisition

Majority

Friendly

United Kingdom

Single Bidder

Cross Border

Synopsis

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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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