Hammerson and joint-venture partner Canada Pension Plan Investment Board have completed the disposal of the shopping centre, Silverburn, near Glasgow.
Silverburn is a 100,000 m2 shopping centre near Glasgow which entered into escrow with a deposit of £40m in December 2021.
Hammerson is a property development and investment company, whose portfolio includes real estate from across the UK and some European cities such as Paris and Nice.
Hammerson has been selling off their non-core assets such as Silverburn, in an attempt to simplify their portfolio and reduce debt.
The sale of Silverburn to private equity real-estate managers Henderson and Eurofund, the operating partners in this acquisition, has been completed for £140m.
Hammerson shares were trading up 3.6% to 32.4p on Wednesday morning with the announcement of the successful disposal of Silverburn.