Hammerson sells 148, rue de l'Université, Paris, for €84.5 million (FR)

Hammerson has sold the office building at 148, Rue de l'Université, Paris 7ème to a client of Invesco for a consideration of €84.5 million. The book value at 30 June 2009 was €97.8 million, and the sale will be reflected in the Company's 2009 financial statements.


The property is located at 148, Rue de l'Université in Paris.

Acquired by Hammerson in 1999, the property was redeveloped in 2002 to provide 10,300 m² of modern office accommodation in a seven-story building. At disposal, the property was 44% vacant and passing rents were €3.9 million.

Hammerson was advised by CBRE.

Source: Hammerson

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