Overview

• Hammerson sold its 42% stake in Value Retail, owner of The Bicester Collection, to L Catterton for £1.5 billion.
• The sale will provide Hammerson with £600 million in cash, which it plans to use for debt reduction and asset investment.
• £140 million from the proceeds will be returned to shareholders through a buyback program.
• The transaction aligns with Hammerson's strategy to focus on urban retail real estate and high-yielding opportunities.
• L Catterton, backed by LVMH, aims to leverage its expertise to propel Value Retail's growth and success.