Hammerson Bids To Develop London Shopping Site - Report
November 13 2011 - 8:32AM
Dow Jones News
Anglo-French property developer Hammerson PLC (HMSO.LN) is vying
with rivals to construct a large shopping site in London, U.K, The
Independent On Sunday reported, without citing sources.
The FTSE 100-listed company has emerged as a contender in
discussions with the charity that part-owns the Whitgift shopping
center in Croydon, it said.
Australian shopping center giant Westfield (WDC.AU) last week
said it also is looking at development options for the site, the
newspaper added.
The newspaper also said specialist developer Capital Shopping
Centres Group PLC (CSCG.LN) has also expressed interest, while the
listed property company British Land Co. PLC (BLND.LN) and the
Australian developer Lend Lease Group (LLC.AU ) are in talks, along
with real estate fund managers Meyer Bergman and Area Property
Partners (AREAPP.XX), without saying where it got its
information.
Irish Bank Resolution Corp. Ltd. (ANGL.YY), formerly the Anglo
Irish bank, and Royal London Asset Management own the long
leasehold of the 1.2 million square feet center, which is valued at
around GBP350 million, the report said.
Hammerson was immediately unavailable for comment.
Newspaper Web site: http://www.independent.co.uk
-London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320
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