78
Fashion Jobs
L'OREAL GROUP
Demand & Supply Planner
Permanent · NEA IONIA
PROCTER & GAMBLE
Junior Brand Manager
Permanent · ATHENS
L'OREAL GROUP
E-Commerce Manager, l’Oréal Dermatological Beauty Division
Permanent · NEA IONIA
L'OREAL GROUP
Financial Controller - l’Oréal Dermatological Beauty Division
Permanent · NEA IONIA
L'OREAL GROUP
Key Account Supply Chain Manager
Permanent · NEA IONIA
L'OREAL GROUP
Social & Advocacy Manager – Consumer Products Division
Permanent · NEA IONIA
PROCTER&GAMBLE
Warehousing Purchasing Junior Manager
Permanent · ATHENS
L'OREAL GROUP
Sales Representative, Professionals Products Division
Permanent · NEA IONIA
L'OREAL GROUP
l'Oréal Partner Shop (Lps) Experience Manager, Professionals Products Division
Permanent · NEA IONIA
FOOT LOCKER
Συνεργάτης Πωλήσεων
Permanent · THESSALONIKI
ESTÉE LAUDER COMPANIES
Execution Planner (Temporary Contract Due to Maternity Leave)
Fixed-term · ATHENS
PROCTER & GAMBLE
HR Administrator
Permanent · ATHENS
LOUIS VUITTON MALLETIER
Stock Supervisor (Astir)
Permanent · ATHENS
LOUIS VUITTON MALLETIER
Store Manager Nammos
Fixed-term ·
CHRISTIAN DIOR COUTURE
Store Manager Astir
Permanent · ATHENS
CHRISTIAN DIOR COUTURE
Sales Assistant - Astir Boutique
Permanent · ATHENS
CHRISTIAN DIOR COUTURE
Senior Sales Assistant - Astir
Permanent · ATHENS
CHRISTIAN DIOR COUTURE
Menswear Department Manager - Astir
Permanent · ATHENS
RALPH LAUREN
Sales Associate
Permanent · THESSALONIKI
RALPH LAUREN
Sales Associate
Permanent · THESSALONIKI
COS
Σύμβουλος Πωλήσεων
Permanent · MAROUSI
PROCTER & GAMBLE
Brand Specialist
Permanent · ATHENS
Published
Dec 12, 2019
Download
Download the article
Print
Text size

Hammerson completes sale of major stake in Parisian shopping centre

Published
Dec 12, 2019

British property developer Hammerson has completed its sale of a 75% stake in Parisian shopping destination Italie Deux to AXA Investment Managers - Real Assets for €430m (£362m).


A majority stake in Italie Deux has been sold to AXA IM - Hammerson


The mall, located on the left bank of Paris, is home to leading fashion and beauty brands including Printemps, Zara and Sephora, and features a 1,000-seat theatre Le 13ème Art, which opened in September 2017.

Italie Deux welcomes 2 million visitors a year and Hammerson said it would sell the stake back in the summer.

The sale is part of Hammerson’s plan to raise £500m via a series of disposals in a bid to reduce its debt pile and strengthen its balance sheet.

AXA IM - Real Assets has also agreed to buy 75% of a 6,400 sq mt extension for a total of €43m. The sale is expected to complete in early 2022, 18 months after the extension opens.

The transaction builds on the successful collaboration of companies following a first partnership at Cabot Circus, UK in 2014. As with the existing joint venture in Bristol, Hammerson will continue to manage the French flagship destination.

So far this year, Hammerson has raised £456m through asset disposals, reaching over 90% of its £500m target. Among the properties offloaded throughout last year and the first half of this year are a string of UK retail destinations such as Battery Retail Park, Birmingham and Wrekin Retail Park, Telford and Imperial Retail Park, Bristol.

Copyright © 2024 FashionNetwork.com All rights reserved.

Tags :
Retail
Business