Announced
Completed
Financials
Tags
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
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.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.