APG news and archive

URW acquires stake in Edinburgh’s St James Quarter and will rebrand as Westfield

Unibail-Rodamco-Westfield (URW), the parent company of shopping centre chain Westfield, has acquired a 25 percent stake in Edinburgh’s mixed-use destination, St James Quarter, from Nuveen Real Estate. The move forms a new joint venture with majority owner APG, which retains its 75 percent stake in the 110 retail, leisure and dining destination,...

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Business

VIA Outlets “accelerates growth” in 2019

VIA Outlets, a joint venture between APG and Hammerson that owns eleven premium fashion outlets in nine European countries, has reported continued strong growth for FY 2019, with a 8.4 percent increase in brand sales and 6.1 percent rise in footfall growth. Europe's fastest-growing owner-operator of premium outlet shopping destinations has...

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Business

Hammerson and APG increase their ownership in VIA Outlets

VIA Outlets, the fastest-growing owner-operator of premium outlet centres in Europe, has confirmed that both Hammerson and APG have each increased their ownership to create a 50:50 joint venture to “streamline” the structure of the business. Hammerson and APG have increased their shares in the 1.6 billion euro premium outlet business by over 3...