APG Buys Out Hammerson on VIA Outlets and Participates in Hammerson Rights Issue

Posted on 08/09/2020

APG Asset Management N.V. acquired a 50% interest in VIA Outlets from its joint venture partner Hammerson PLC, a London-based retail real estate investment trust. APG will now own 100% of VIA Outlets, as it already owned 50% of VIA. The transaction price was £274 million. VIA Outlets is a fund created in 2014 to acquire existing outlet centers across Europe.

Hammerson has undertaken a rights issue to raise a further £550 million. APG is one of Hammerson’s largest shareholders with a 19.6% stake. APG has undertaken to take up its rights.

Law firm CMS has advised APG Asset Management on the transaction.

APG oversees Stichting Pensioenfonds ABP.

Get News, People, and Transactions, Delivered to Your Inbox