Hammerson and Pimco Prime Real Estate arrange Dundrum loan

Published: 2024-08-14 06:42:29 ET HMSO.L

Hammerson PLC - London-based property development and investment company - Together with Pimco Prime Real Estate arranges a EUR350 million term loan of up to seven years, secured on Ireland's Dundrum Town Centre, with lenders Rothesay, BNP Paribas and Deka. The new loan due September 2031 is at an all-in interest cost of 5.5% per year. Dundrum is a shopping centre located in southern Dublin.

Current stock price in London: 28.02 pence, up 1.5% on Wednesday

12-month change: up 7.3%

Current stock price in Johannesburg: ZAR6.54, up 0.8%

12-month change: up 4.0%

By Artwell Dlamini, Alliance News reporter

Comments and questions to [email protected]