Hammerson sells interest in French shopping centre for 64m euros

11th Jun 2015 15:11

Hammerson has exchanged contracts to sell its interest in the Bercy 2 shopping centre in Paris to Tikehau Capital Partners for €64m, which is more than the property's book value at the end of 2014.The shopping centre is located in the South East region of Paris and has 35,200 square metres of space - of which Hammerson's ownership is 20,200 square metres - with 70 retail units anchored by Carrefour and Darty.Hammerson was advised on the transaction by BNP Paribas Real Estate.Chief executive David Atkins said: "This transaction is in line with our strategy of actively managing our portfolio in France to create a platform of leading retail destinations""We continue to evaluate selected disposals and recycle capital into those assets and developments which are best positioned to deliver value creation for our shareholders. We are pleased to have capitalised on good investor demand to secure a sale above book value."At 15:17, Hammerson shares were up 2% at 663.00p.