1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. Germany >
  5. Hammerson Acquires Forum Steglitz

M&A Deal Summary

Hammerson Acquires Forum Steglitz

On November 4, 1999, Hammerson acquired real estate company Forum Steglitz for 80M GBP

Acquisition Highlights
  • This is Hammerson’s 1st transaction in the Real Estate sector.
  • This is Hammerson’s 4th largest (disclosed) transaction.
  • This is Hammerson’s 1st transaction in Germany.

M&A Deal Summary
Date 1999-11-04
Target Forum Steglitz
Sector Real Estate
Buyer(s) Hammerson
Deal Type Add-on Acquisition
Deal Value 80M GBP

Target

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.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Hammerson

London, United Kingdom
Category Company
Founded 1942
Sector Real Estate
Employees125
Revenue 117M GBP (2024)
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 1 of 7
Sector: Real Estate M&A 1 of 7
Type: Add-on Acquisition M&A Deals 1 of 4
Country: Germany M&A 1 of 1
Year: 1999 M&A 1 of 1
Size (of disclosed) 4 of 7
FOLLOWING 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
Mergr

Solution for

Product

Company

Legal