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9 months ago
BRIEF-Hammerson announces disposal of retail park for 36 mln stg
November 7, 2016 / 7:33 AM / 9 months ago

BRIEF-Hammerson announces disposal of retail park for 36 mln stg

Nov 7 (Reuters) - Hammerson Plc :

* Has exchanged contracts for sale of Westmorland Retail Park, Cramlington in Northumberland to Arch Commercial Enterprise Ltd for 36 million stg

* Sale price for Westmorland represents a net initial yield of 5.8 pct, and is moderately below book value as at 30 June 2016

* Additional recent smaller transactions take total proceeds received to 43 million stg Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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