The GLA has signed off on reserved matters applications for redevelopment of Shoreditch site
£135m deal will be paid for with proceeds of Value Retail exit
Morgan Stanley to oversee two-year programme
REIT has issued new bond and tendered for others
The deal has attracted an order book of £2.6bn
Proposed plans include 16,000 sq ft of commercial space and up to 745 homes or 1,544 student rooms
REIT also makes offer for outstanding bonds
EDITOR’S COMMENT Surely Mark Allan et al have started to run a slide rule over Hammerson?
New debt comes from Rothesay, BNP Paribas and Deka
Rental boost on new leases leaves REIT confident on H2
REIT will prioritise consolidating its joint ventures once Value Retail disposal completes
L Catterton has said Bicester Village owner is “well positioned for growth and continued success”