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, representing an initial yield of 5.25%. The building ... Read more
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 Victoria Quarter, and the company says this purchase ... Read more
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 earlier. During the period the group sold 75% of ... Read more
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 specialist retail REIT and become “the best ... Read more
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 89% of the company’s £5.7bn property ... Read more
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 developments. The group’s main customer base – ... Read more
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 cautioned in a trading update to the London Stock ... Read more
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 will have some of the largest floorplans in the ... Read more
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 an uncertain economic outlook we will focus on ... Read more
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 the White Tower CMBS portfolio. Leadenhall Court ... Read more
