Financial Times FT.com

Hammerson to sell landmark

By Daniel Thomas

Published: January 16 2009 02:00 | Last updated: January 16 2009 02:00

Hammerson will put its largest property on the market in the latest sign of a necessary recapitalisation of the real estate sector.

It has instructed CB Richard Ellis to sound out investors to buy the 773,931 sq ft Bishops Square office development in the City of London for more than £500m, equating to a yield of about 6.75 per cent.

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