APG Strategic Real Estate Pool NV managed by APG Asset Management NV agreed to acquire remaining 50% stake in VIA Outlets from Hammerson plc (LSE:HMSO) for approximately £270 million on August 3, 2020. The final consideration is subject to a number of customary balance sheet adjustments at completion. As part of the disposal, Hammerson has agreed to assign at par (for cash consideration) to APG Strategic Real Estate Pool NV managed by APG Asset Management NV at completion of the disposal a shareholder loan advanced by Hammerson to Zweibrücken Lux Holdco S.à r.l. For the year ended December 31, 2019, VIA Outlets reported operating profit of £54.4 million and revenues of £45.6 million. As on September 1, 2020, Robert Noel has joined the Board of the Hammerson plc and will succeed David Tyler as Non-Executive Chair from September 7, 2020. Completion of the disposal is subject to a number of conditions including shareholder approval and obtaining merger control approvals in Germany, Spain and Portugal. The Directors are confident that APG Strategic Real Estate Pool NV managed by APG Asset Management NV will receive the necessary regulatory approvals for the Disposal in the first phase and without any requirement to give undertakings to any regulatory authority. The disposal is conditional on all resolutions, including the resolutions to approve the Rights Issue and Capital Reorganization, having been passed by shareholders at the General Meeting, and admission of the new shares to the official list becoming effective. As on September 1, 2020, Hammerson plc shareholder approved the acquisition. The transaction is expected to complete in complete in the fourth quarter of 2020. The proceeds will be used by Hammerson plc to reduce debt. the capital reorganization will be on September 1, 2020 (today) and the effective date for the capital reorganization will be September 2, 2020. Amanda Howard,Kristy Duane, Preena Gandhi, Russell Hoare and Cheryl Gurnham of CMS acted as legal advisors for APG, CMS team was led by the London office and CMS Albiñana & Suárez de Lezo Madrid office provided cross-border advice with a Competition & EU department team led by partners Carlos Vérgez, Álvaro Otero, and Jorge Durán y José Luis Rodríguez. J.P. Morgan Cazenove Limited, Morgan Stanley & Co. International plc and Lazard & Co., Limited acted as financial advisors while Alex Kay, Mike Flockhart, Tom O’Neill, Will Arrenberg, Steffen Hörner, Simon Chadney, Jake Jackaman, Sarah McNally, Susan Black and Don Rowlands of Herbert Smith Freehills acted as legal advisor to Hammerson. UBS Group AG acted a financial advisor to APG Asset Management NV. Matthew Shaxson of Ogier Legal Limited Partnership and CMS Cameron McKenna Nabarro Olswang LLP both acted as legal advisors to APG Asset Management NV. Derk Lemstra and IJsbrand van Straten of Stibbe acted as legal advisor to Hammerson. APG Strategic Real Estate Pool NV managed by APG Asset Management NV completed the acquisition of remaining 50% stake in VIA Outlets from Hammerson plc (LSE:HMSO) on November 2, 2020.