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Sign in Sign up for a FREE subscriptionHammerson sells 50% stake in VIA Outlets
Dutch pensions manager APG said Thursday that it has agreed to purchase U.K. real estate company Hammerson’s remaining 50 percent stake in their joint venture investment fund VIA Outlets for €301 million ($356 million), giving APG a majority stake.
Following the reopening of its flagship destinations across Europe, footfall and sales continue to improve and third quarter rent collection in the United Kingdom (excluding monthly payments and deferrals) has increased to more than 30 percent.
