Proceeds from the nine-year note will fund the acquisition of a portfolio 34 properties leased to the U.K. government.
Proceeds will be used to take out bank financing for the purchase of 50-year concession to run Ohio State University's parking operations
Hammerson plc, the U.K. real estate investment trust, has priced a $443 million equivalent, multi-currency private placement with nine U.S. institutional investors.
The first-time issuer is refinancing debt associated with the Victorian Desalination Project.
The £275 million deal consists of one U.S. dollar and three sterling-denominated tranches.