ShareCast: "Hammerson snaps up city office for £100m"

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"Real estate investment trust Hammerson has acquired a 999-year leasehold interest in a prime London location for £100m, including costs.

"The company, which operates primarily in the retail sector - owning well-known shopping centres such as Brent Cross in London and the Bullring in Birmingham - announced on Friday that it has purchased a virtual freehold interest in 99 Bishopsgate from PRUPIM, acting on behalf of the Prudential Assurance Company."

"We have an exciting business plan!" said chief executive David Atkins.