// Hammerson sells Silverburn shopping centre near Glasgow for £140m
// A joint venture between Eurofund and Henderson Park completed the deal to buy Silverburn
Hammerson has finalised the sale of its Silverburn shopping centre near Glasgow in a £140 million deal.
A joint venture between Eurofund and Henderson Park completed the deal to buy Silverburn from Hammerson and the Canada Pension Plan Investment Board (CPPIB).
Eurofund Group is the operating partner in the JV and has also co-invested alongside Henderson Park.
READ MORE: Hammerson remains in red with £429m loss
The deal on the 1.1 million sq ft centre in Glasgow was agreed in an off-market transaction in December.
Silverburn opened in 2007 and currently consists of 125 grocery, retail and leisure units including Next, Marks & Spencer and TK Maxx.
The Silverburn deal represents a 4% discount to 30 June book value of £147 million, and a net initial yield of 9.3%.
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