Hammerson, the UK and French real estate investment trust, has announced the sale of the office building at 148, Rue de l'Université, Paris 7ème to a client of Invesco for EUR 84.5 mln. The price marks a 14% discount to the book value of EUR 97.8 mln at end-June 2009. Hammerson said the sale will be reflected in the company's 2009 financial statements.
Legal & General Investment Management’s (LGIM’s) managed fund has acquired Tesco Yarrow Road Poole from clients of abrdn for £46.1 mln (€54 mln).
