Operating as VIA Outlets, Hammerson and its partners APG, Meyer Bergman and Value Retail are set to acquire four retail venues in Germany, Portugal, Spain and Poland.
Hammerson has a 47% interest in the joint venture and, taking into account existing centre-level debt financing, will provide £145m of the acquisition funding.
Timon Drakesmith, CFO and managing director of premium outlets at Hammerson, said: “This is a rare opportunity to acquire strong outlet centres in an off-market transaction.
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“Well-positioned European outlets continue to deliver strong sales growth supported by an improving customer offer and increasing tourist numbers across Europe.”
The largest of the four venues is in Zweibrucken, Germany, which boasts 114 tenants across more than 300,000 sq ft.
Tenants include Versace, Polo Ralph Lauren and Tommy Hilfiger.
VIA Outlets will also acquire properties in Porto, Seville and Wroclaw, Poland.
The acquisition will take the total size of the VIA Outlets portfolio to approximately £938m across 10 assets, subject to regulatory clearance.
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