Issue 2013 May 07th

This issue was created on 2013-05-07 12:14:00

  • Partners buy major UK mall stakeMay 7, 2013
Hammerson, in a 50-50 joint venture with Canada Pension Plan Investment Board, has acquired a 33.3% stake in the Bullring shopping centre in Birmingham from the Australian Future Fund for €364m. The UK REIT has invested £153.5m from its own cash reserves for this additional 16.7% stake in the shopping centre. The deal brings Hammerson ownership of the mall to 50%.
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