M&A Deal Summary

Hammerson Acquires Bercy 2

On July 3, 2000, Hammerson acquired real estate company Bercy 2 for 44M GBP

Acquisition Highlights
  • This is Hammerson’s 2nd transaction in the Real Estate sector.
  • This is Hammerson’s 5th largest (disclosed) transaction.
  • This is Hammerson’s 1st transaction in France.

M&A Deal Summary

Date 2000-07-03
Target Bercy 2
Sector Real Estate
Buyer(s) Hammerson
Deal Type Add-on Acquisition
Deal Value 44M GBP

Target

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.

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Buyer(S) 1

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 2 of 7
Sector (Real Estate) 2 of 7
Type (Add-on Acquisition) 2 of 4
Country (France) 1 of 3
Year (2000) 1 of 1
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-04 Forum Steglitz

Germany

Forum Steglitz one of the principal shopping streets in Berlin. It was built in 1970 and provides a total of 22,000 squaremetres of retail space on five levels and a 675 space multi-storey car park.

Buy £80M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-02 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.

Buy £425M