50% of VIA Outlets Sold for €307 Million

6 November 2020 -Hammerson has finalised the sale of 50% of VIA Outlets to APG Strategic Real Estate Pool, a fund managed by APG Asset Management for 307 million.

The Via Outlets portfolio in Portugal includes the Freeport – Lisbon Fashion Outlet in Alcochete and Porto Fashion Outlet, in Vila do Conde.

The deal represents an initial net yield of 6.5%, considering a discount of 18.3% on the gross value of assets, as calculated on June 30 of this year.

Original Story: Vida Imobiliária – Vanessa Sousa

Translation/Summary: Richard D. Turner