UK property company Hammerson has said it is to pay a £101 mln (EUR 150.5 mln) charge to the Treasury following the company's decision to convert to a real estate investment trust (REIT) in January. Hammerson revealed the exact amount of the conversion charge during the presentation of its results for the year ending on December 31, 2006. Its full-year adjusted pre-tax profits rose 5.7% to £94.5 mln, while net rental income went up 12.9% from £237.4 mln to £210.3 mln. Net asset value per share rose 21.3% to £15.
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