Silverburn shopping center was sold at 4% discount

The pair acquired Silverburn, at Pollok, for nearly £300million through a 50-50 joint venture in 2009.

Hammerson and CPPIB have agreed to sell the shopping centre to entities affiliated with London-based private equity real estate manager Henderson Park and Eurofund.

In a statement to the London Stock Exchange this week, Hammerson said: “This represents a 4% discount to 30 June 2021 book value of £147million, and a net initial yield of 9.3%.”