Lone Star Real Estate Fund VI, L.P. managed by Lone Star Americas Acquisitions, Inc. entered into an agreement to acquire Union Square Shopping Centre in Aberdeen from Hammerson Plc for approximately £110 million on February 26, 2024. The proceeds of disposal will further strengthen the balance sheet by reducing net debt and provide additional capacity for reinvestment into the core portfolio. The transaction is expected to be completed in first quarter of 2024.
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- Lone Star Real Estate Fund VI, L.P. managed by Lone Star Americas Acquisitions, Inc. entered into an agreement to acquire Union Square Shopping Centre in Aberdeen from Hammerson Plc for approximately £110 million.