Hammerson PLC - London-based retail-focused real estate investment trust - Completes the sale of Silverburn shopping centre in Glasgow, Scotland. Asset is sold via its 50/50 joint venture with Canada Pension Plan Investment Board to entities affiliated with UK private equity real estate manager Henderson Park and Spanish property developer Eurofund Group for £140 million. Hammerson’s share is £70 million, according to a release made mid-December.

‘Silverburn represents a fantastic opportunity to take a good centre and transform it into the leading asset in its catchment,’ says Ian Sandford, president of Eurofund, which will be the operating partner in the JV with Henderson Park.

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