Landlord Hammerson sells Bicester Village to LVMH-backed private equity firm
Landlord Hammerson has sold its entire stake in Value Retail, the owner of Bicester Village luxury retail park in Oxfordshire, in a £1.5bn deal, which it said would generate around £600m in cash proceeds.
The landlord said it had sold the entirety of its nearly 40% stake in Value Retail to newly created private equity firm L Catterton, which is backed by LVMH and would use at least part of the proceeds to pay down debt.
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