Hammerson Sells £1.5bn Stake in Value Retail to L Catterton

The deal generates £600 million in cash proceeds, allowing Hammerson to reduce debt, invest in assets, and return funds to shareholders.

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.