{"id":10942,"date":"2023-11-14T07:28:44","date_gmt":"2023-11-14T07:28:44","guid":{"rendered":"https:\/\/dmsretail.com\/RetailNews\/hammerson-explores-sale-of-stake-in-bicester-village-owner\/"},"modified":"2023-11-14T07:28:44","modified_gmt":"2023-11-14T07:28:44","slug":"hammerson-explores-sale-of-stake-in-bicester-village-owner","status":"publish","type":"post","link":"https:\/\/dmsretail.com\/RetailNews\/hammerson-explores-sale-of-stake-in-bicester-village-owner\/","title":{"rendered":"Hammerson explores sale of stake in Bicester Village-owner"},"content":{"rendered":"

\"Retail<\/a><\/p>
\n<\/p>\n

\n
\"Hammerson<\/div>\n

Hammerson is in talks to sell its stake in Bicester Village-owner Value Retail for about \u00a31bn.<\/p>\n

The shopping centre owner is said to be in discussions with several investors about buying its almost 40% holding in Value Retail, Sky News reported.<\/p>\n

Property industry executives said a deal could be made before the end of the year.<\/p>\n

Value Retail owns dozens of designer outlet complexes, including ones in Shanghai and Suzhou in China, as well as in Barcelona, Frankfurt, Madrid and Milan.<\/p>\n\n

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Hammerson told the publication in a statement: \u201cValue Retail is an attractive portfolio but, as we\u2019ve previously stated, it\u2019s not part of our core proposition to have an investment in a platform.<\/p>\n

\u201cWe are not forced sellers and will look to maximise our options at the right time.\u201d<\/p>\n

It is estimated that the property giant\u2019s stake is worth about \u00a31.2bn, however, it may choose to sale at a discount.<\/p>\n

If the sale goes ahead, it would be the latest move under chief executive Rita-Rose Gagne who is actively reshaping the business.<\/p>\n

The property giant sold its 50% stake of the Croydon shopping centre redevelopment to Westfield owner Unibail-Rodamco-Westfield at the end of April earlier this year.<\/p>\n

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\"Retail<\/a><\/p>
<\/p>\n","protected":false},"excerpt":{"rendered":"

Hammerson is in talks to sell its stake in Bicester Village-owner Value Retail for about \u00a31bn. The shopping centre owner is said to be in […]<\/p>\n","protected":false},"author":1,"featured_media":10943,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-10942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-magazines"],"_links":{"self":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/10942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/comments?post=10942"}],"version-history":[{"count":0,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/10942\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media\/10943"}],"wp:attachment":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media?parent=10942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/categories?post=10942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/tags?post=10942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}