Hammerson, a European real estate firm working mainly in the retail sector, is selling an additional 24 percent stake in the O’Parinor shopping mall to a customer of Rockspring Property Investment Managers, Property Week reports. This deal increases Rockspring’s client’s holding in the property to 75 percent. The shopping centre is located in Aulnay-sous-Bois, near Paris.
Hammerson’s net realization from the sale of the stake is €106 million. Drawing of the recently agreed non-recourse loan facility for O’Parinor garnered an extra €54 million. Consequently, Hammerson’s net receipts rose to €160 million. The main occupants of the mall include Fnac, Go Sport and Darty.
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Rockspring Property Investment Managers Hammerson Paris Mall shopping mall European