Hammerson (LSE:HMSO) PLC confirmed that it is discussions about the possible disposal of its Victoria Gate and Victoria Quarter shopping centres in Leeds with entities related to property investor Redical Holdings AG at a price of £120mln.
The statement followed a report in the Sunday Times on 20 February that Hammerson (LSE:HMSO) is holding talks over the sale of its Leeds shopping centres.
Hammerson (LSE:HMSO) said its strategy remains to realign its portfolio to focus on prime urban estates through disposals of non-core assets.
It noted that there can be no certainty that a transaction will take place.