Hammerson has sold the freehold of
Some £5m of the purchase price has been deferred and is expected to be paid by 2013. Passing rents on the 214,000 sq ft building, which forms part of the site previously occupied by the London Stock Exchange, total £8.8m.
Tenants in the block include Talbot Underwriting, Universities Superannuation Scheme, Berenberg Bank and The Toronto Dominion Bank.
Hammerson chief executive David Atkins said: “We have a clear strategy for
“This disposal will allow Hammerson to crystallise significant development profits and further enhance our financial flexibility for future refurbishment, development and acquisition opportunities.”
Hammerson was advised by Strutt & Parker; Savills acted for St Martins.
samantha.mcclary@estatesgazette.com
