Sharenet Sites 
Sharenet Sites
Disposal of Place des Halles shopping centre, Strasbourg, to LaSalle Investment Management
Hammerson plc
(Incorporated in England and Wales)
(Company number 360632)
LSE share code: HMSO JSE share code: HMN
ISIN: GB0004065016
(“Hammerson” or “the Company”)
22 November 2017
Disposal of Place des Halles shopping centre, Strasbourg, to LaSalle Investment Management
Hammerson plc (“Hammerson”) has exchanged contracts for the sale of its share (64.5%) of
Place des Halles shopping centre in Strasbourg, France. LaSalle Investment Management will
purchase the centre from Hammerson and its co-owner, on behalf of funds under
management, for a total net vendor price (100%) of EUR 291 million (£258 million), slightly
above 30 June 2017 book value.
Centrally located in Strasbourg, Place des Halles is a prime regional shopping centre totalling
41,600m2 and comprising 120 stores and restaurants. The centre benefits from strong
transport links and attracts 10 million shoppers per year. The asset generates an annual
headline rent of EUR 14.3 million (£12.7 million).
Hammerson has undertaken several recent asset management initiatives to improve the
quality of the centre, including a full mall refurbishment and the creation of new MSU units
including the largest Zara flagship store in the East of France. Remodelling of the exterior
façade began in 2017.
Completion of the sale is expected to occur before year end, is subject to the usual conditions
precedent, and a small portion of the proceeds are subject to a guarantee on routine leasing
discussions ongoing at the point of transaction.
David Atkins, CEO Hammerson, commented: “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.”
For further information:
David Atkins, CEO
020 7887 1000
Rebecca Patton, Head of Investor Relations
020 7887 1109
Hammerson has its primary listing on the London Stock Exchange and a secondary inward
listing on the Johannesburg Stock Exchange.
Joint Sponsors:
Deutsche Securities (SA) Proprietary Limited
Java Capital
Notes to Editors
Hammerson is a FTSE 100 owner, manager and developer of retail destinations in Europe. Our
portfolio of high-quality retail property has a value of around £10.5 billion and includes 23
prime shopping centres, 17 convenient retail parks and investments in 20 premium outlet
villages, through our partnership with Value Retail and the VIA Outlets joint venture. Key
investments include Bullring, Birmingham, Bicester Village, Oxfordshire, Dundrum Town
Centre, Dublin and Les Terrasses du Port, Marseille.
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