Hammerson sells major stake in Italie Deux

Hammerson sells major stake in Italie Deux

Hammerson has exchanged contracts with AXA Investement Mangaders - Real Assets, a global leader in real asset investments and the leading real estate portfolio and asset manager in Europe, acting on behalf of clients, for the sale of a 75% stake in the Parisian shopping destination Italie Deux, and the forward sale of 75% of the Italik extension for a total of £423m (€473m).