Hammerson sells stake in Paris' shopping centre

11th Jun 2015 16:30

Real estate investment trust Hammerson has completed the sale of its stake in the Bercy 2 shopping centre in Paris to Tikehau Capital Partners for €64m (£47m).Located in the South East region of Paris, the 35,200 square meters centre, of which the FTSE 100 group owns 20,200 square meters, has 70 retail units and is anchored by Carrefour and Darty.Hammerson said the site's gross passing rent before operating costs is €4.6m."This transaction is in line with our strategy of actively managing our portfolio in France to create a platform of leading retail destinations," said group chief executive David Atkins."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."Hammerson shares were up 1.69% to 661.00p at 16:29 on Thursday.