M&A Deal Summary

Hammerson and CODIC International Acquire SQY Ouest

On February 11, 2011, Hammerson and CODIC International acquired real estate company SQY Ouest for 38M EUR

Acquisition Highlights
  • This is Hammerson’s 5th and CODIC International’s 1st transaction in the Real Estate sector.
  • This is Hammerson’s 5th and CODIC International’s 0th largest (disclosed) transaction.
  • This is Hammerson’s 3rd and CODIC International’s 1st transaction in France.

M&A Deal Summary
Date 2011-02-11
Target SQY Ouest
Sector Real Estate
Buyer(s) Hammerson
CODIC International
Deal Type Joint Venture
Deal Value 38M EUR

Target

SQY Ouest

Yvelines, France
SQY Ouest is a modern retail and leisure scheme developed in 2005. Located 20 km south west of Paris.SQY Ouest benefits from good transport links and has over 45 retailers on four floors, including international brands.

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Buyer(S) 2

Buyer

Hammerson

London, United Kingdom
Category Company
Founded 1942
Sector Real Estate
Employees164
Revenue 128M GBP (2023)
DESCRIPTION

Hammerson is a provider of high-quality retail property. The Company focuses on winning locations: prime regional shopping centres, convenient retail parks and premium designer outlet villages. Hammerson was founded in 1942 and is based in London, England.

DEAL STATS #
Overall 5 of 7
Sector (Real Estate) 5 of 7
Type (Joint Venture) 2 of 3
Country (France) 3 of 3
Year (2011) 1 of 1
Size (of disclosed) 5 of 7
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-23 St. Martins Property Investments

London, United Kingdom

St Martins is a leading property investment and asset management company with a diverse portfolio in the UK, Continental Europe, Australia and Asia. As the UK-based real estate investment vehicle of the State of Kuwait, St Martins has significant financial strength and is well-placed to act quickly, professionally and in confidence.

Buy £208M
Buyer

CODIC International

Brussels, Belgium
Category Company
Founded 2000
Sector Real Estate
DESCRIPTION

We have been passionately doing our job as property developers for more than 40 years. Our key areas of development are offices and commercial property.Codic has expanded its know-how throughout Belgium, France, Luxembourg, Hungary, Spain and Romania. Almost one million m2 have been developed in the past ten years.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Joint Venture) 1 of 1
Country (France) 1 of 1
Year (2011) 1 of 1
Mergr

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