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Hammerson PLC - London-based property development and investment company - Seals the sale of Union Square shopping centre in Aberdeen, Scotland for £111 million in cash. The disposal marks the conclusion of its £500 million programme of disposals of non-core assets, it said. The price represents an 8% discount to the book value of Union Square at the end of December, and a net initial yield of 11%. Union Square was sold to an affiliate of Lone Star Real Estate Fund VI LP. Current stock price in London: 26.44 pence, up 0.3% on Friday afternoon 12-month change: up 7.7% Current stock price in Johannesburg: R 6.28, up 0.5% 12-month change: up 18% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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