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New Deal


Announced

Completed

Lone Star completed the acquisition of the Union Square shopping centre from Hammerson for £111m.

Financials

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Transaction Value£111m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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real estate assets

Acquisition

Cross Border

Majority

Real Estate

Single Bidder

shopping centre

Private

Real Estate Holding and Development

Private Equity

United Kingdom

Friendly

Completed

Disposal

Synopsis

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Lone Star, a private equity firm, completed the acquisition of the Union Square shopping centre from Hammerson, a major British property development and investment company, for £111m. The proceeds of this disposal will further strengthen the balance sheet by reducing net debt and provide additional capacity for reinvestment into the core portfolio, Hammerson said.

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