Hammerson swoops on Leadenhall
Property development group Hammerson has agreed the £65m purchase of the long leasehold interest in Leadenhall Court, a City of London office building, from Ernst & Young, the receivers handling...
View ArticleHammerson says outlook uncertain
Listed property group Hammerson says the outlook remains uncertain. As the group today unveiled a 7% increase in adjusted pre-tax profit during the first half of 2010, chairman John Nelson said: “With...
View ArticleNew City tower for Hammerson
Hammerson has changed the plans for its Bishops Place development on Shoreditch High Street in London, reports the Telegraph, and now wants to develop a 591,000 sq ft office building on the site that...
View ArticleSegro and Hammerson update the market
Segro today told investors that it had seen a good level of enquiries so far this year, with demand for lettings in its key markets building on the momentum in the second half of 2010. However, it...
View ArticleLand Securities, GPE and Hammerson update the market
Land Securities today said it expected pressures in managing occupancy rates to continue, but noted encouraging levels of enquiries for its London developments and progress in pre-letting its retail...
View ArticleHammerson to sell its office space and focus on retail
Hammerson today announced that, following a strategic review, it will sell off its entire portfolio of office properties in order to become a specialist retail REIT. Retail assets currently represent...
View ArticleHammerson exits office portfolio to focus on retail
Hammerson yesterday announced the sale of most of its portfolio of London office property to Brookfield Office Properties for £518m. The group had announced in February that it wanted to become a...
View ArticleHammerson agrees John Lewis deal for Leeds as H1 income and dividend grow
Hammerson on Monday reported 2.4% growth in like-for-like net rental income for the half-year to 30 June, at £141.6m, and said its EPRA net asset value per share had risen to £5.35 from £5.30 a year...
View ArticleHammerson agrees Victoria Quarter purchase; Hansteen in Essex buy
Hammerson has exchanged contracts to acquire the Victoria Quarter in Leeds for £136m to complement its plans for the first phase of the Eastgate Quarters scheme. This development is next to the...
View ArticleHammerson continues exit from office property
Hammerson has continued its strategy of focusing on retail assets with the sale of the office property in London at 10 Gresham Street, EC2 for a total of £200m to Malaysia’s state pension fund,...
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