THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
Retail HR Central 2024
The Future of The High Street 2024
Retail HR Summit
THE Retail Conference
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Hammerson sells stake in Place des Halles

Shopping centre owner Hammerson has exchanged contracts for the sale of its 64.5% share in the French Place des Halles shopping centre in Strasbourg. LaSalle Investment… View Article

UK HIGH STREET NEWS

Hammerson sells stake in Place des Halles

Shopping centre owner Hammerson has exchanged contracts for the sale of its 64.5% share in the French Place des Halles shopping centre in Strasbourg.

LaSalle Investment Management will purchase the centre from Hammerson and its co-owner for €291 million.

Attracting 10 million shoppers per year, Place des Halles spans 41,600 square metres and has 120 stores and restaurants.

Hammerson has undertaken a range of initiatives to improve the quality of the centre, including a full mall refurbishment. Remodelling of the exterior façade began in 2017.

The sales is expected to complete before the year end.

David Atkins, chief executive of Hammerson, said: “This disposal is in line with our focus on strategic assets in France with value creation potential. We remain committed to reducing leverage ahead of progressing with our development pipeline and we remain confident of achieving our capital recycling strategy this year.”

Subscribe For Retail News