Hammerson, A British REIT that invests in shopping centres, has sold its 50% stake in the company VIA Outlets, which owns various shopping centres, two of them in Spain, to the pension fund APG.
The Dutch firm will pay out 274 million pounds (€301 million) for the remaining 50% stake in the company. According to Property EU, APG is negotiating a discount of 18.7% on the current market value of VIA Outlets’ assets.