Center Parcs on verge of £350m retail park portfolio purchase
Hammerson is close to selling its retail park portfolio as part of its strategy to shore up its balance sheet.
The European retail property group has confirmed this morning that it is "in discussions on terms of a possible disposal" of its seven retail parks to Brookfield.
The statement follows a Sunday Times report that Canadian private equity firm Brookfield had agreed to pay £350m for the portfolio.
Brookfield owns Center Parcs and the Canary Wharf Estate in London as part of its global property portfolio.
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