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6 July: Financial Times: 12% of Hammerson for sale (Hammerson and Goldman Sachs declined to comment last night)

Link to story (via FT sign-on)

"Ontario Teachers’ Pension Plan, one of the largest pension investors in North America, is selling its 12 per cent stake in Hammerson, the retail and offices property developer, for more than £400m.

"The Ontario fund last night began placing its approximately 12 per cent share in Hammerson, using Goldman Sachs to carry out an accelerated book build.

"Hammerson said like-for-like retail sales at its UK shopping centres, which include Brent Cross in north London, rose 1.5 per cent last quarter."

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