|Link to CoStar Group|
"Canadian investor and developer Oxford (video) is one of a handful of parties to have bid on part or the whole of Hammerson’s office portfolio. The talks between Hammerson and Oxford are not exclusive, and the bidding process remains at an early stage.
"... The move was seen as a way for Hammerson to capitalise on the migration of shoppers towards large purpose-built developments. With rents across its London office portfolio flatlining last year, Hammerson will sell the assets and redeploy the capital into retail development in a bid to increase focus and size."