Hammerson has responded to press speculation regarding the sale of its shopping centres in Leeds.
Hammerson confirmed that it is in discussions with entities related to Redical Holdings AG on terms for a possible sale of its Victoria Gate and Victoria Quarter shopping centres.
”There can be no certainty that a transaction will take place, but the company confirms the pricing under discussion is £120m, which would represent a class 2 transaction. The company will provide a further announcement if appropriate,” the REIT said in a statement.
Hammerson said its strategy remains to realign the portfolio to focus on prime urban estates through disposals of non-core assets, to strengthen the balance sheet, and to re-cycle capital into its core portfolio and its development pipeline.