LONDON-Hammerson PLC has bought a 999-year leasehold interest in an office property located at 99 Bishopsgate, London EC2 from Prupim, which represents the Prudential Assurance Company Ltd, for GBP100 million. Korea Development Bank, Latham & Watkins and Deutsche Bank are some of the tenants of the 26-floor office tower spanning 339,063 square feet.
At 31 December 2010, the passing rents of Hammerson were valued at GBP13.6 million and its interest value was GBP126 million. For the full story, go to PropertyMall .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
