Hammerson confirms talks on possible Silverburn sale

By Frank Prenesti

Date: Monday 29 Nov 2021

(Sharecast News) - Property company Hammerson on Monday confirmed it is in talks on a potential sale of the Silverburn shopping centre near Glasgow, Scotland, which is held in a 50/50 joint venture with CPPIB.
It also confirmed that pricing under discussion is £140m and added "there can be no certainty that a transaction will take place". Hammerson is looking to sell non-core assets to boost its balance sheet in the aftermath of the Covid pandemic.

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