Hammerson concludes sale of 50% of VIA Outlets for €307M

Hammerson concludes sale of 50% of VIA Outlets for €307M

The sale was greenlighted by Hammerson’s shareholders around three months after the deal for the sale was announced along with the British company’s first semester results.

«The transaction is based on a gross asset value for Hammerson's share of the VIA portfolio of 44 million euro and represents an initial net yield of 6.5% and an 18.3% discount on the gross asset value as of 30 June 2020», it can be read in a note published on Hammerson’s website.

This portfolio is constituted by 11 shopping centres, 4 of them located in Iberia: the Freeport - Lisbon Fashion Outlet located in Alcochete and the Porto Fashion Outlet located in Vila do Conde, in Portugal; and the Sevilla Fashion Outlet and the Mallorca Fashion Outlet in Spain.

The remaining 7 shopping centres operated by Via Outlets are located in Amsterdam (Holland), Prague (Czech Republic), Gothenburg (Sweden), Zurich (Switzerland), Oslo (Norway), Wroclaw (Poland) and Zweibrücken (Germany). These assets have a total combined area of 267.000 sqm and 1.130 shops.

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