Edition:
India

Hammerson Announces Completion Of Sale Of 75% Stake In Italie Deux


Thursday, 12 Dec 2019 

Dec 12 (Reuters) - Hammerson PLC ::COMPLETION OF SALE OF 75% STAKE IN ITALIE DEUX.PARISIAN SHOPPING DESTINATION ITALIE DEUX HAS BEEN SOLD TO AXA INVESTMENT MANAGERS - REAL ASSETS FOR EUR 430M (£362M).TRANSACTION REPRESENTED A NET INITIAL YIELD OF 4.1% ON ITALIE DEUX. TOTAL SALE PRICE REFLECTS AN 8.5% DISCOUNT TO DECEMBER 2018 BOOK VALUE AND IS MARGINALLY BELOW END OF JUNE 2019 BOOK VALUE..