Developer Hammerson puts office portfolio up for sale | Business | The Guardian
The worsening outlook for London office lettings has prompted property developer Hammerson to put its entire office portfolio up for sale to focus on shopping centres and retail parks.
Hammerson currently owns an array of office property in the City and West End of London, including two 26-storey towers. The portfolio was last valued at £528m.The developer will now concentrate on retail investments and adding to the range of outlets it already owns, such as Brent Cross in London, the Bullring in Birmingham, and Cabot Circus in Bristol. It also owns retail centres in France and is currently building a major shopping and leisure complex in Marseille, which is due to open in 2014
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