HAMMERSON PLC - Hammerson completes 277m disposal of VIA Outlets

Hammerson completes £277m disposal of VIA Outlets

Hammerson plc
(Incorporated in England and Wales)
(Company number 360632)
LSE share code: HMSO JSE share code: HMN
ISIN: GB00BK7YQK64
(“Hammerson” or “the Company”)


2 November 2020

Hammerson completes £277m disposal of VIA Outlets


Hammerson plc (“Hammerson”) today announces that it has completed the sale of substantially all of
its 50% interest in VIA Outlets to the APG Strategic Real Estate Pool, a mutual fund managed by APG
Asset Management N.V., for €307 million (£277m)(1).

The transaction is based on a gross asset value for Hammerson’s share of the VIA portfolio of €644
million and represents a net initial yield of 6.5% and an 18.3% discount to gross asset value as at 30 June
2020.

Footnote:
(1) Subject to retaining a 7.3% stake in VIA Zweibrücken

Hammerson has its primary listing on the London Stock Exchange and a secondary inward listing on the
Johannesburg Stock Exchange.

Sponsor:

Investec Bank Limited


ENDS

Investor Contact

Josh Warren, Hammerson, Head of Investor Relations
Tel: +44 20 7887 1053
josh.warren@hammerson.com

Press Contacts
Hammerson
Catrin Sharp, Head of Corporate Communications
Tel: +44 20 7887 1063
catrin.sharp@hammerson.com

FTI Consulting (for Hammerson)
Dido Laurimore
Tel: +44 20 3727 1000/ 0780 1654424
dido.laurimore@fticonsulting.com



Notes to editors

Hammerson

Hammerson create vibrant, continually evolving spaces, in and around thriving European cities, with a
focus on flagship retail destinations and Premium Outlets. As of 30 June 2020, our portfolio of high-
quality venues had a value of £7.7 billion and included 21 flagship destinations in thriving cities, and
investments in premium outlet villages through our partnership with Value Retail. Key retail venues
include Bullring & Grand Central, Birmingham, Bicester Village, Oxfordshire, Dundrum Town Centre,
Dublin, and Les Terrasses du Port, Marseille.

Date: 02-11-2020 09:00:00
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