Westfield-Hammerson $NZ2 billion Croydon redevelopment wins double approval – GDI launches prospectus for $A567 million reit
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Hammerson issues debt at 5.25%
Published 14 January 2006 UK property company Hammerson plc announced an issue of £300 million of unsecured 11-year bonds on Friday, paying interest in arrears at 5.25%. Hammerson will use the proceeds for general corporate purposes, including funding development projects. The bonds will be redeemed in December 2016. The issue’s joint lead managers & bookrunners […]
Read more →Hammerson buys freehold on top Paris fashion street at 5% gross
Published 11 December 2005 UK property company Hammerson plc has bought the freehold to a multi-occupant retail, office & residential address on Paris’ top fashion street on a 4.96% initial gross yield. Hammerson acquired the freehold of 54-60 rue du Faubourg Saint-Honoré from CCPMA Retraite for €56.4 million. The property, in the eighth arrondissement, has […]
Read more →Hammerson buys Paris retail park at 5.2%
Published: 31 July 2005 Hammerson plc has agreed to buy Villebon 2, a freehold retail park at south-western Paris suburb Villebon-sur-Yvette, for €150 million, at a 5.2% yield on the €7.8 million current net rent. Villebon 2 opened in 1988 and has 44 retailers on 40,300 m² of floorspace, 2200 parking spaces, making it one […]
Read more →Hammerson buys out shopping centre partner at 5.4%
Hammerson plc will take out its partner in a 4-year-old Southampton shopping centre at a 5.4% yield. Hammerson & Barclays Bank plc developed the 75,900 m² WestQuay centre on a council leasehold site in 2000. Current income is £22 million/year. The bank is selling its 50% for £203 million, including repayment of the bank’s shareholder […]
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