Owner of Dundrum Town Centre to sell prized assets – The Irish Times

Hammerson, which owns Dundrum Town Centre, is considering raising capital and selling some of its most prized assets to ride out the coronavirus crisis that is battering shopping centres and retailers.

Hammerson has collected just over 30 per cent of the rent it was due for the third quarter, according to the statement. It has about £2.4 billion (€2.73 billion) of debt, according to a company filing from February.

The developer confirmed on Monday that it was looking at a possible share sale, without saying how much it could try to raise. Sky News reported on Saturday that Hammerson was looking to raise as much as £600 million.

The shopping centre owner also said it was in advanced talks on the terms of a sale of its 50 per cent stake in VIA Outlets to its joint-venture partner, Dutch pension fund APG, according to a company statement.

The luxury outlets

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