Hammerson has acquired Ravenhead Retail Park in St. Helens, north-western UK, for £120.6 mln (EUR 177 mln) including costs. Hammerson is paying the private investors who own the retail park with 5 million new shares at £15.76 each and by assuming £36.6 mln in debt and other liabilities. The sale price also includes an option on land next to the retail park with planning consent for an additional 8,100 m[sup]2[/sup]. The park consists of 17 units covering 27,600 m[sup]2[/sup] of retail accommodation and generating an annual net rental income of £4.8 mln.
Hammerson has acquired Ravenhead Retail Park in St. Helens, north-western UK, for £120.6 mln (EUR 177 mln) including costs. Hammerson is paying the private investors who own the retail park with 5 million new shares at £15.76 each and by assuming £36.6 mln in debt and other liabilities. The sale price also includes an option on land next to the retail park with planning consent for an additional 8,100 m2. The park consists of 17 units covering 27,600 m2 of retail accommodation and generating an annual net rental income of £4.8 mln.
