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.
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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
Hammerson was advised by CBRE.
Source: Hammerson
