Hammerson to exit office market and sell £600m portfolio

摘要

Hammerson is to sell its entire £600m London office portfolio in favour of focusing on its retail businesses in the UK and France. The developer revealed it will sell its office investments over the next few years and invest returns in shopping centres. The developer's decision comes a month after it was forced to put on hold its £290m commercial-led Principal Place tower in London, after the scheme's anchor tenant - law firm CMS Cameron McKenna - pulled out. The Foster + Partners-designed scheme will be Hammerson's last commercial project for the foreseeable future. The developer has said the project will start at the end of 2012.