M&A Deal Summary

Hammerson Acquires LxB Holdings

On August 2, 2006, Hammerson acquired real estate company LxB Holdings for 425M GBP

Acquisition Highlights
  • This is Hammerson’s 3rd transaction in the Real Estate sector.
  • This is Hammerson’s 0th largest (disclosed) transaction.
  • This is Hammerson’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2006-08-02
Target LxB Holdings
Sector Real Estate
Buyer(s) Hammerson
Deal Type Add-on Acquisition
Deal Value 425M GBP
Advisor(s) Clifford Chance (Legal)

Target

LxB Holdings

London, United Kingdom
LxB Holdings Limited,a property company specialising in out-of-town retail property. Each of the properties has an open A1 planning consent.

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Buyer(S) 1

Buyer

Hammerson

London, United Kingdom

website

Category Company
Sector Real Estate
Employees320
Revenue 126M GBP (2022)
DESCRIPTION

Hammerson is a provider high-quality retail property. Our vision is to be the best owner-manager and developer of retail property within Europe. We focus on winning locations: prime regional shopping centres, convenient retail parks and premium designer outlet villages. Hammerson is based in London, United Kingdom.

DEAL STATS #
Overall 3 of 7
Sector (Real Estate) 3 of 7
Type (Add-on Acquisition) 3 of 4
Country (United Kingdom) 1 of 3
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-07-03 Bercy 2

The Charenton, France

Bercy 2, a 35,000 square metre shopping centre.The structure, which follows the curvature of the bend device, evokes a large airship . It consists of a wooden structure, stainless steel covered with tiles, forming a large close.

Buy £44M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-10 Groupe Financiere Duval

France

Groupe Financiere Duval constructs,operates,develops in real estate services.The company designs and constructs commercial facilities, corporate buildings and logistics platforms, mixed operations in town centers, and housing and tourist accommodation properties, as well as homes for the elderly and public-private partnership operations.

Buy €30M
Mergr

Product

Company

Legal