By Joe Hoppe
Hammerson PLC said Monday that it is in advanced discussions to dispose of its interest in VIA Outlets, that it is considering a possible equity raise, and that rent collection has improved amid the coronavirus pandemic.
The shopping-center operator said it is discussing disposal of its 50% interest in VIA Outlets to its joint-venture partner and long-term shareholder, Dutch pension fund APG, in response to recent press speculation.
Hammerson said it is considering a possible equity raise through a rights issue, and that it has been approved for 300 million pounds ($392.6 million) from the Covid Corporate Finance Facility support program from the Bank of England.
The company said that following the reopening of its flagship stores after the coronavirus lockdown period, footfall and sales have continued to improve, and that rent collection in the U.K. in the third quarter has increased to more than 30%.
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