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New Deal


Announced

Completed

Redical completed the acquisition of Leeds shopping centres from Hammerson for £120m.

Financials

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Transaction Value£120m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Completed

Domestic

Friendly

Private

shopping centre

Acquisition

United Kingdom

Diversified Retailers

Real Estate

Single Bidder

Synopsis

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Redical, a real estate firm, completed the acquisition of Leeds shopping centres from Hammerson, a real estate investment trust, for £120m ($150m). The assets comprise the 19.4k m2 Victoria Quarter shopping gallery, 37.6k m2 Victoria Gate shopping centre, and the inter-linking Wrays Buildings. The proceeds will be used to reduce net debt.

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