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The British property developer is seeking to offset the impact of the COVID-19 pandemic through two deals.
August 07, 2020 at 06:25 AM
1 minute read
Senior Reporter
British property developer Hammerson has turned to Herbert Smith Freehills, CMS and Davis Polk & Wardwell for advice on raising approximately £800 million in a bid to offset the negative impact of the COVID-19 pandemic on the U.K. retail industry.
HSF is leading for long-standing client Hammerson on a rights issue that is expected to raise net proceeds of around £550 million, and also on the sale of Hammerson’s stake in VIA Outlets for around €300 million.
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