Hammerson wraps up sale of stake in Paris shopping centre for R7bn
The London-based landlord is seeking to shore up the balance sheet amid Brexit woes
12 December 2019 - 10:04
UPDATED 12 December 2019 - 18:49
Hammerson, the JSE-listed owner of malls in the UK and Europe, says it has completed the sale of a 75% stake in one of its French assets as it looks to restructure its balance sheet and decrease debt.
The group sold the stake in its Parisian shopping mall for €430m (R7bn), with the proceeds to be used to strengthen its balance sheet. ..
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