PropertyEU

Hammerson teams up with Codic to buy French mall

By A staff reporter 2011-02-11T00:00:00

UK REIT Hammerson has teamed up with Codic France in a 50-50 joint venture to acquire SQY Ouest, a 31,000 m[sup]2[/sup] shopping centre in Saint Quentin-en-Yvelines. The purchase price is put at EUR 38 mln with Hammerson's initial commitment coming to EUR 20 mln, including transaction costs.

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