PropertyEU

Brookfield buys London offices from Hammerson for EUR 644m

By A staff reporter 2012-06-19T00:00:00

US and Canadian-listed investor Brookfield Office Properties has acquired the bulk of Hammerson's London office portfolio for £518 mln (EUR 644 mln). The gross proceeds are 5% above proforma book value and represent a 5.2% initial yield, Hammerson said.

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