VIA Outlets has reopened its entire 11-centre portfolio after Covid-19 restrictions were lifted in various markets. And it's seen encouraging trading, new services added and a host of new brands joining the portfolio.
Hammerson is selling its UK retail parks to Canadian private equity firm Brookfield for around £350 million, according to one report. However, on Monday, Hammerson said any deal is far from being sealed.
Simon Property Group, the biggest U.S. mall operator, will cut its purchase price for an 80% stake of rival Taubman Centers by 18%, both companies said on Sunday, as the coronavirus upends the retail industry sector.
Shareholders of under-pressure UK property firm Hammerson have voted in favour if its rescue plan that includes a right issue valued at £525 million and the £274 million sale of its stake in the VIA Outlets business
UK malls giant Hammerson on Monday confirmed press peculation that it’s in “advanced discussions on the terms of a possible disposal of its 50% interest in VIA Outlets to its joint venture partner APG”.
Simon Property Group Inc, the biggest U.S. mall operator, said on Wednesday it was ending its $3.6 billion deal to buy Taubman Centers Inc, citing the beating the retail sector has taken during the Covid-19 pandemic.