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Orion Tries to Renegotiate with Hammerson the Sale of 7 Retail Parks for €452M

Hammerson decided to divest a portfolio of seven retail parks, spanning 205,000 square metres in total, to raise capital and thereby strengthen its balance sheet.

Centro Comercial Grand Central Birminghan de Hammerson 1024x680 1
Grand Central shopping centre in Birmingham, owned by Hammerson.

Hammerson’s planned operation to raise €452 million through the sale of seven retail parks in the UK to Orion Capital could fail, reports Property EU.

The real estate fund Orion is trying to renegotiate the sale price of £400 million (€452 million) in the final stages of the transaction.

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