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 .
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