INDUSTRY NEWS

Hammerson in discussions to sell London offices to Brookfield

European real estate company Hammerson is currently in talks to sell its London offices to Canadian investor Brookfield, according to an article published by the Telegraph.

It is thought that a deal with Brookfield would include a total of seven of the nine assets Hammerson owns in the capital – including 99 Bishopsgate, Principal Place and London Wall Place;  however, the deal will not include Hammerson’s West End headquarters and the development site at Bishopsgate Goodsyard.

Hammerson originally put the offices on the market in February (2012), with the FTSE 100 company choosing to focus more on its retail assets –  which account for 90 per cent of its current property portfolio

The company’s chief executive, David Atkins proposed to sell each of the London office buildings off one by one, however, a number of investors from overseas have lodged their interest in buying the entire portfolio.

Both Hammerson and Brookfield have declined to comment on any potential deal.

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